Question

diffrence between total cost concept and total system concept in logistics management ​

Answer 1

Answer:

1)total cost concept .1)the total cost concept recognizes that an optimum cost in one area or function may not lead to an optimum total system cost.

2)total cost analysis requires the management of supply chain trade offs.

2)total system concept. 1)the extension and complex materials flow activities within an outside of the firm must be considered in the context of their interaction.

2)minimizing overall logistics costs by identifying activity based costs that impact after tax profits .

Answer 2

The difference is stated below:

Explanation:

Difference among the concept of total cost and the concept of total system is as:

Concept of total cost

• The concept of the total cost acknowledged or recognizes that the optimum cost in a single or one area or a function, that might not lead to an optimum total system cost.

• It requires or needed the management of supply chain for trade off.

Concept of total system

• Under this concept, the complex as well as extension of materials flow activities within an outside of the organization or firm need to be considered in the context of their interaction.

• It helps in minimizing the overall cost of logistics through identifying the activity grounded costs, which have a impact after the tax profits.

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