………….. is a set of approaches utilized to efficiently intergrate suppliers ,manufacturers,warehouses,and stores,so that merchandise is produced and distributed,at the right quantities,to the right location ,and at the right time,in order to minimize system wide costs while satisfying service level requirements.

Related MCQs

• To reduce inventory management costs, many companies use a system called…………, which involves carrying only small inventories of parts or merchandise,often only enough for a few days of operation.
• Costs of dissatisfaction, repair costs, and warranty costs are elements of cost in the
• Smart companies coordinate their logistics strategies and forge strong partnership with suppliers and customers to improve customer service and reduce channel cost through………………
• The six Rs abourt operational objective of logistic management includes Right response,Right quality,Right quantity,Right value,Right cost trade- offs,and………..
• When suppliers, distributors, and customers partner with each other to improve performance of the entire system, they are participating in a…………..
• Julie Newmar recognizes that her company needs to provide better customer service and trim distribution costs through teamwork, both inside the company and among all marketing channel organizations. Julie will begin the practice of………..
• The gift of logistics system is the same level of customer service can be maintained with a…………
• ……………… of a logistic system design taking in to consideration all the costs of the integrated system.
• ……………is the task of buying goods of right quality, in the right quantities, at the right time and at the right price.
• Marketing logistics involves getting the right product to the right customer in the right place at the right time. Which one of the following is not included in this process?