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which term best describes Logistics management: a. Looks at the material flow process as a complete system, from initial need for materials to delivery of a finished product or service to the customer b.Focuses on minimizing costs and lead times across tiers in the supply chain to the benefit of the final customer c.Focuses on long-term supplier relationships and commodity plans with the objectives of identifying opportunities in areas such as cost reductions, new technology advancements, and supply market trends d.Ensures that every step in the supply process adds value, that inventories are kept at a minimum level, and that distances and delays between process steps are kept as short as possible e.Refers to the integration of supply-related functions to provide effective and efficient materials and services to the organization

which term best describes Logistics management: a. Looks at the material flow process as a complete system, from initial need for materials to delivery of a finished product or service to the customer b.Focuses on minimizing costs and lead times across tiers in the supply chain to the benefit of the final customer c.Focuses on long-term supplier relationships and commodity plans with the objectives of identifying opportunities in areas such as cost reductions, new technology advancements, and supply market trends d.Ensures that every step in the supply process adds value, that inventories are kept at a minimum level, and that distances and delays between process steps are kept as short as possible e.Refers to the integration of supply-related functions to provide effective and efficient materials and services to the organization

Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Chapter16: Lean Supply Chain Management
Section: Chapter Questions
Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...
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4.3. which term best describes Logistics management:

a. Looks at the material flow process as a complete system, from initial need for materials to delivery of a finished product or service to the customer
b.Focuses on minimizing costs and lead times across tiers in the supply chain to the benefit of the final customer
c.Focuses on long-term supplier relationships and commodity plans with the objectives of identifying opportunities in areas such as cost reductions, new technology advancements, and supply market trends
d.Ensures that every step in the supply process adds value, that inventories are kept at a minimum level, and that distances and delays between process steps are kept as short as possible
e.Refers to the integration of supply-related functions to provide effective and efficient materials and services to the organization
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