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Business, 02.06.2021 02:00 kaleahearly123

Which best describes the nature of Business Logistics? The effective and efficient management of transportation which has a significant impact on all three types of interfirm flows (product, information, and cash) and is critical in achieving supply chain integration and objectives. It is the focus on basics, such as the value added by customer service, has increased management’s interest in logistics as a potential contribution to revitalizing organizations and making them more competitive again. It is the focus on transportation costs minimization in order to increase customer service and reduce inventory levels. It is the process of planning, implementing, and controlling the efficient and effective flow and storage of goods, services, and related information from the point of origin to the point of consumption for the purpose of conforming to firm objectives.

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