1. Transportation in Business and the Economy

Transportation is among the more vital economic activities for a business. By moving goods from locations where they are sourced to locations where they are demanded, transportation provides the essential service of linking a company to its suppliers and customers. It is an essential activity in the logistics function, supporting the economic utilities of place and time. Place utility infers that customers have product available where they demand it. Time utility suggests that customers have access to product when they demand it. By working in close collaboration with inventory planners, transportation professionals seek to ensure that the business has product available where and when customers seek ...

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