business logistics
Definition
Coordination of projected requirement, procurement, physical movement, and storage of components, parts, raw materials, and semi-finished and finished goods, to achieve optimum demand-service level at minimal cost. It includes both inbound and outbound movements, and is a larger concept than distribution management which does not include activities such as forecasting and procurement.
business logistics is in the Distribution & Logistics subject.
business logistics appears in the definition of the following term: physical distribution
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