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Examine the role of third Party Logistics Service Providers.
Logistics includes several inter-related activities of a company such as inventory management, material handling, transport and related information processing.; Basic rule - delivery of the right product with the right quality at the right time to the right place and the right customer at the right cost.- Integrated logistics service provider, etc -; Various roles of third party logistics providers - Distribution functions, transportation, storage, inventory control, customer service, Logistics information networks
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Question 1: Supply chain management encompasses the planning and management of all activities involved in sourcing, conversion, procurement, and logistics management. Explain.
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