Discuss two important concepts applicable to managing a global logistics system.
Two concepts that are applicable to global logistics are technological advancement, and global finance.
Logistics is the process of strategically managing the purchase, transportation and storage of inventory. Inventory consists of raw materials, parts and completed products. More importantly, in this technological age, logistics includes the flow of information relating to the inventory, through the organization and its marketing channels, for the purpose of maximizing profits.
Countries differ in their stages of technological advancement. Logistics requires ...
global logistics, supply chain management, SCM