Question: Compare and contrast logistics management with supply chain management
Compare and contrast logistics management with supply chain management.
Answer to relevant QuestionsOn a macro-economic basis, the ratio of inventory to sales has declined over the last 20 years. Is this good or bad? Why? What factors have contributed to this trend? Is this trend likely to continue in the future? Why or ...Logistics comprises a relatively large number of managerial activities. Discuss five of these activities and why they are important to logistics systems. What special role do supply chains play in the globalization of organizations? Will supply chains continue to be important in the future? To what extent do clients/customers think of their 3PL providers in a strategic sense? What evidence suggests that this may change in the future, and what kind of change may be expected? “Performance measurement for logistics managers is relatively recent. Their focus was previously directed toward other managerial activities.” Do you agree or disagree with these statements? Explain your position.
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