The logistics cost
Example: Logistics cost includes expenses for transport and storage
Definition
"The logistics cost" refers to the total expenses involved in planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from the point of origin to the point of consumption. It typically includes transportation, warehousing, and handling charges.
Etymology
The term "the logistics cost" combines 'logistics,' which originates from the Greek 'logistikos' meaning skilled in calculating, with 'cost,' from the Latin 'constare,' meaning to stand firm or to cost. Logistics evolved to signify the detailed coordination required in military and commercial operations, while cost refers to the value of resources expended.
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"The logistics cost" appears in the Vocaplus list "English - Logistics - (A1-C2) - set 1", containing 109 commonly used words.
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