The association for operations management defines logistics as "the art and science of obtaining, producing, and distributing material and product in the proper place and in proper quantities."

The given statement is TRUE

Explanation:

The Operations Management Association describes logistics as the "art and knowledge in the right place and in the right quantities to obtain, produce and distribute materials and product."

Logistics management is indeed a supply chain management component that schedules, manages and regulates the effective forward as well as reverse distribution and storage of products, resources, and associated information in order to fulfil customer needs between origin and usage.

Import and outbound shipping, fleet management, storage, material handling, order execution, configuration of the logistics network, stock control, delivery / demand strategic planning of suppliers of third-party logistical services are typically covered in logistics management operations.

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