Explain the significance of the fact that the purpose of logistics is to meet customer requirements.
Answer to relevant QuestionsHow has a reduction in economic regulation contributed to the increased importance of logistics?What are several areas in which finance and logistics might interface?Define what is meant by a cost trade-off. Do you believe that this concept is workable? Why or why not?Discuss the importance of timely and accurate information to a logistics information system.How can communication systems facilitate logistics management in the immediate aftermath of situations such as terrorist attacks and natural disasters?
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