Asked by Diana Morrissey on Apr 27, 2024
Verified
Explain the relationship between logistics and supply chain management.
Logistics
The detailed coordination and implementation of complex operations involved in the movement, storage, and flow of goods from origin to destination.
Supply Chain Management
The management of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.
- Gain insight into the crucial role of logistics in the supply chain and its strategic importance for marketing.
Verified Answer
Learning Objectives
- Gain insight into the crucial role of logistics in the supply chain and its strategic importance for marketing.
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