Which of the following statements best describes the concept of market logistics?
1
It is the process of outsourcing production to third-party suppliers.
2
It focuses solely on delivering products to customers within a fixed timeframe.
3
It involves planning, implementing, and controlling the physical flow of materials, goods, and related information from points of origin to points of consumption to meet customer requirements profitably.
4
It eliminates the need for warehousing by shipping products directly to consumers.
5
It is restricted to the transportation aspect of supply chain management.