Question
Asked Aug 31, 2019

Explain what is meant by the total cost approach to logistics. 

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Total cost approach to logistics:

It is the kind of approach, which acts as a key to managing the function of logistics. Instead of reducing the cost of each activity involved in the logistics function, the management can reduce the total cost of logistics. This is because reducing the cost of activities individually might increase the cost of another activity.

Hence, the logistics...

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