What is logistics and supply chain management?

Question

Accepted Answer

Logistics and supply chain management involves the planning, implementation, and control of the movement and storage of goods and services.

It includes activities such as transportation, warehousing, inventory management, and order fulfillment.
Effective logistics and supply chain management can improve efficiency, reduce costs, and enhance customer satisfaction.
Examples include Amazon's use of advanced algorithms to optimize their delivery routes and Walmart's use of RFID technology to track inventory levels.
It is important to consider factors such as lead times, demand variability, and supplier reliability when managing a supply chain.
Collaboration and communication between different stakeholders, such as suppliers, manufacturers, and retailers, is crucial for success.

Top Mahindra Logistics Outbound Executive interview questions & answers