What is the relationship between Logistics and location economies?
Expert Answer
Logistics and location are part of the triangle of customer service goals, of which location, logistics and inventory strategy are the three sides. Location economies involve number, size and location of facilities; stocking points assignment to sourcing points; assignment of demand to sourcing or stocking points; use of public or private warehousing.
Logistics economies involve modes of transport; carrier routing and scheduling; and shipment size and consolidation.
Relationship between logistics and location economies is driven by optimum trade off between decisions concerning location and logistics strategies.
From an alternative perspective logistics
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