Question

Difference between total system approach and total cost approach

Answer 1

Differentiate between Total System Approach and Total Cost Approach of marketing logistics.Total System Approach: Total System Approach means that these components are interrelated. And if the decisions would be made in isolation to each other it will affect the efficiency of other elements.

Answer 2

The total system approach is process where the activities are all connected with each other and are used in an integrated manner for achieving the objectives of the organisation

The total cost approach is the total costs involved in the distribution of goods from the time they are manufactured and ultimately delivered to the customers

Explanation:

Total system approach

• Total System Approach entails that the all the activities are inter-related and are combined together for achieving their goal  
• The total systems approach takes into account the the total process of distribution of the products through its supply chain which is taken as one process
• The supply chain entails the total system approach since all the activities are connected to each other for the distribution of the products to the customers.

Total cost approach

• The main focus of total cost approach  is to reduce the cost involved in the distribution of goods.
• The total costs involved after the goods are manufactured and they are stored in warehouses, cost of storing the inventories, packaging the goods and more  
• Total cost approach involves all the costs involved from storing of goods to their transportation and distribution.

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