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Learning Objective: 
The objective of this discussion is to make the students able to read and analyze the information on the concept of different logistics costs and their representation for assuring better and efficient organizational decisions.

Scenario

The cost that is incurred on performing logistical activities is termed as logistics cost. The core purpose of logistics management is to increase logistics efficiency and to reduce logistical costs. The companies need to have a clear understanding of logistics costs in order to make better logistical decisions. The purpose of enhancing logistics efficiency can be better achieved if organizations make efficient decisions after incorporating the relevant costs information pertaining to their business and operations activities.

Discussion Question

After going through above scenario and knowledge gained from this course, briefly state how can logistics costs be better represented?

 

Important Instructions:

  • Your discussion must NOT exceed 200 words.
  • Your discussion must be based on logical facts.
  • Do not copy your answer with other students or from internet sources. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
  • Obnoxious or ignoble answer should be strictly avoided.
  • Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.


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