Other Organizations in the Same Industry or Type of Business

question 128

True/False

Other organizations in the same industry or type of business that provide goods or services to the same set of customers are referred to as suppliers.

---

Definitions:

Logistics System

The comprehensive network and process involved in the planning, implementing, and controlling of the efficient flow and storage of goods, services, and related information.

Dependability

The quality of being trustworthy and reliable, often used to describe products, services, or sources of information.

Total Logistics Cost

The cumulative expenses associated with planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to point of consumption.

Materials Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.