Explain the Meaning of Measurement

question 92

Short Answer

Explain the meaning of measurement.

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Definitions:

Distribution

The process of making a product or service available for the consumer or business user that needs it, including transportation, warehousing, and delivery.

Logistics

Refers to the detailed coordination and implementation of complex operations involving the supply chain, from procurement to distribution.

Supply Chain Management

The management of the flow of goods and services, involving the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.

Channel Dynamics

The changes and developments in the way a company brings its product or service to market, involving distribution and logistical considerations.