Question

difference between total cost concept and the total system concept​

Answer 1

Explanation:

According to this concept, various logisti.. According to this concept, various costs related to logistics management system cannot be treated separately and a trade-off has to be created to achieve the objective of overall cost minimization.

Answer 2

Difference between the total cost concept and the total system concept is given below.

Explanation:

In total system concept, all the physical parameters and the components are considered simultaneously. in this, the demand, material used, tax ion each components of the product, profit, requirement etc. are considered to set the product.

In total cost concept, all the costs that consider the selling price of the product are considered. Like cost of the distributors, selling person, administration, cost of manufacture, profit of the company, shipping cost etc.