$24$

Logistics refers to

Multiple Choice

$00$:$49$:$46$

a specialized intermediary in the distribution chain responsible for the coordination of all production schedules.

mathematical formulas and calculations used in determining product volume and demand in order to generate the greatest revenue at the lowest cost.

an inventory management system where the supplier determines the product amount and assortment a retailer needs and automatically delivers the appropriate items.

activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost.

the sequence of firms that performs activities required to create and deliver a product or service to ultimate consumers or industrial users.