Logistics Is the Process of Planning,implementing,and Controlling the Efficient and Effective

question 84

True/False

Logistics is the process of planning,implementing,and controlling the efficient and effective flow and storage of goods,services,and related information from point of origin to point of consumption to meet customer requirements.

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Definitions:

Delivery Costs

Expenses associated with the distribution or transport of goods from the manufacturer or warehouse to the end customer.

Installation Costs

The expenses incurred to put an asset into operation and prepare it for use, including costs of setting up, assembling, and installing.

Testing

The process of evaluating the functionality, performance, or quality of a product, system, or procedure, often prior to general release or implementation.

Revaluation Measurement Model

An accounting approach where fixed assets are periodically adjusted to reflect their current market values rather than their historical cost.