First, Logistics deals with decisions needed to move a product from the source of raw materials to consumption, that is, the ______ of the product. Second, those decisions have to be ______ ______. Third, while it is important to drive down logistics costs, there is a limit: a firm needs to drive down logistics costs as long as it can deliver expected _______ _______, which means satisfying customer requirements.

First, Logistics deals with decisions needed to move a product from the source of raw materials to consumption, that is, the ______ of the product. Second, those decisions have to be ______ ______. Third, while it is important to drive down logistics costs, there is a limit: a firm needs to drive down logistics costs as long as it can deliver expected _______ _______, which means satisfying customer requirements.



Answer: flow, cost effective, customer service


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