What are the components of Integrated Logistics.

Answer & Explanation

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Transportation: This involves the movement of goods and services from one location to another. It includes choosing the appropriate mode of transportation, managing delivery schedules, and tracking the shipment.

Warehousing: This involves the storage and handling of goods in a warehouse or distribution center. It includes managing inventory levels, ensuring product quality and safety, and optimizing space utilization.

Inventory management: This involves the c

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Step-by-step explanation

ontrol of inventory levels, from the raw materials to finished products. It includes forecasting demand, managing stock levels, and optimizing the use of resources.

Order processing: This involves the management of the entire order fulfillment process, from order entry to delivery. It includes managing order status, coordinating with suppliers, and ensuring on-time delivery.

Information management: This involves the management of information related to the logistics chain, including data related to transportation, warehousing, inventory, and order processing. It includes the use of information systems to optimize logistics operations and decision-making.

Financial management: This involves the management of the financial resources associated with logistics operations, including the costs of transportation, warehousing, inventory, and order processing. It includes cost optimization, budgeting, and financial analysis.

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