Asked by razan osman on May 04, 2024
Verified
What term is used to describe the outsourcing of logistics?
A) E-Logistics
B) Shipper Managed Inventory (SMI)
C) Hollow Logistics
D) Sub-Logistics
E) Third-Party Logistics
Third-Party Logistics
External companies hired to manage all or part of another company’s logistics functions, including transportation, warehousing, and distribution.
Outsourcing
The practice of hiring third parties to perform services or produce goods traditionally performed or made in-house, to reduce costs or improve efficiency.
Logistics
The process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to point of consumption.
- Comprehend the significance of distribution systems in supply chain processes and their effect on enhancing efficiency.
Verified Answer
Learning Objectives
- Comprehend the significance of distribution systems in supply chain processes and their effect on enhancing efficiency.
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