The logistics
Example: Logistics manages movement and storage of goods in operations
Definition
"The logistics" refers to the detailed coordination and management of the movement, storage, and flow of goods, services, and information within a supply chain, ensuring efficient and timely operations in finance and related industries.
Etymology
The term "logistics" originates from the French word 'logistique,' which relates to the art of calculating or planning. It was adopted into English military language in the 19th century to describe the organization of supplies and troops, later expanding into commercial and financial contexts. Did you know it comes from the Greek 'logistikos,' meaning skilled in calculating?
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"The logistics" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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