Which of the following represents traditional logistics management approach?

(A) Independent inventory management efforts

(B) Minimise firm costs

(C) Amount of information sharing and monitoring limited to current processes

(D) Small breadth of supplier base to increase coordination

Choose the correct answer from the options given below:

The correct answer is A, B only

Key Points Logistics Management :

Logistics management is an element of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption in order to meet consumer needs.

Important Points

•  Logistics refers to the process of management.
• How resources are acquired, stored and transported to their final destination.
• This one business discipline in which potential distributors and Identification of suppliers as well as their effectiveness and determining accessibility.
• The people who manage, coordinate, analyse and optimize this process are called logisticians.
• The traditional system approach to management involves an independent management wing and minimum costs of the establishment.