Choose the correct answer from this multiple question

Minimizing the overall logistics cost by implementing the system concept appropriately is referred to as *

1. total cost concept 2. international logistics 3. system concept 4. electronic data interchange

Locating a warehouse near the customer may reduce the cost of transportation, however the additional costs are associated with new warehouse can be an example of *

1. total cost concept 2. supply chain management 3. system concept 4. trade-off concept

Material management can be described as *

1. timely movement of raw materials, parts, and supplies into and through the firm 2. movement of the firms finished product to its customers. 3. management of a system that controls the flow of materials into, through, and out of the international corporation. 4. all of the above