What are the functions to remove temporal and spatial barriers of business?
Answers
Explanation:
Supply chain management, physical distribution, materials management, and even rhocrematics are names that have been given to the field of business logistics. Regardless of the name, business logistics is a vital area of management within most firms, whether they are manufacturing or service firms. Logistics has been defined by the Council of Logistics Management as the process of planning, implementing, and controlling the efficient, cost-effective flow and storage of raw materials, in-process inventory, finished goods and related information from point of origin to point of consumption for the purpose of conforming to customer requirements.
The stated mission for business logistics is to get the right goods or services to the right place, at the right time, and in the desired condition, while making the greatest contribution to the firm.