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Q16-8PE

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Operations And Supply Chain Management
Found in: Page 421
Operations And Supply Chain Management

Operations And Supply Chain Management

Book edition 14th
Author(s) F. Robert Jacobs
Pages 800 pages
ISBN 9780078024023

Short Answer

Question: Used to describe functions related to the flow of material in a supply chain.

Answer

Logistics describes the functions related to the flow of material in a supply chain.

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Step by Step Solution

Step-by-Step Solution Step 1: About logistics

Logistics refers to the project of the overall management of the inventory and the finished goods and their storage as well as their on-time delivery. Logistics is the flow of material from one place to another mainly from the manufacturers to the consumers.

Step 2: Types of logistics

There are two typesof logistics:

  1. Inbound Logistics,
  2. Outbound Logistics.

Inbound logistics: Inbound logisticsrefers to the process in which the materials are taken inside the company from an outside source.

Outbound logistics: The process in which the materials are delivered outside the company to the consumers is considered outbound logistics.

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