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What Is the Total-Cost Approach to Developing a Logistical System

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What is the total-cost approach to developing a logistical system? Explain what variables should be considered when designing and administering a logistical system aimed at utilizing the total-cost approach.


Definitions:

Diversity Management

The strategic approach aimed at fostering and maintaining a diverse workforce by addressing and valuing differences among employees, such as culture, race, gender, and age.

Business Case

A document or argument that outlines the justification for the start-up, continuation, or investment in a project or initiative.

Employment Equity Plan

A strategy aimed at eliminating employment barriers for marginalized groups, including women, minorities, and people with disabilities, to ensure fairness and equity in the workplace.

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