Question

The supply chain management element that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements is also referred to as:_________.

Answer 1

Answer:

Logistics management

Explanation:

To begin with, logistics is a term that refers to the overall process involved in managing the acquisition of resources (services, goods & related information) their storage as well as transportation to their final destination from the point of origin.

The management of logistics involves ensuring that prospective suppliers and distributors who can efficiently and effectively deliver goods and services to their final destination are identified and engaged.