Asked by brianna mcrae on May 02, 2024
Verified
Two effective logistics cost reduction strategies are partnering agreements with logistics services providers and long-term contracts.
Logistics Cost Reduction
Strategies aimed at minimizing costs associated with the planning, implementation, and control of the flow and storage of goods from point of origin to point of consumption.
Partnering Agreements
Legal documents defining the terms and conditions of a partnership between entities, aiming to outline mutual goals and how they will be achieved.
- Understand effective logistics cost reduction strategies.
Verified Answer
JM
Joseph MichaelMay 07, 2024
Final Answer :
True
Explanation :
Partnering agreements with logistics services providers can lead to cost savings through shared resources and improved efficiencies, while long-term contracts can provide stability in pricing and encourage providers to invest in cost-saving measures.
Learning Objectives
- Understand effective logistics cost reduction strategies.