Logistics And Supply Chain Operations

Question 1

Define logistics and an example

Answer 1

This is organizing and managing the flow or movement of goods between businesses and to the final consumer. It involves managing transportation, supply chains and distribution networks

Example- A clothing company organizing the shipment of their products from factories to retail stores

Question 2

Define supply chain management

Answer 2

This is the management of all organizations involved in producing a product and delivering it to the final consumer.