[loh-jis-tiks, luh-] 
) | 1. | the branch of military science and operations dealing with the procurement, supply, and maintenance of equipment, with the movement, evacuation, and hospitalization of personnel, with the provision of facilities and services, and with related matters. |
| 2. | the planning, implementation, and coordination of the details of a business or other operation. |
[loh-jis-tik, luh-] | 3. | of or pertaining to logistic. |
| lo·gis·tics (lō-jĭs'tĭks, lə-) n. (used with a sing. or pl. verb)
[French logistiques, from logistique, logic (perhaps influenced by loger, to quarter), from Medieval Latin logisticus, of calculation; see logistic.] |
Logistics
The overall management of the way resources are moved to the areas where they are required.
Investopedia Commentary
This term originated in a military context, referring to how personnel acquire, transport, and store supplies and equipment. In the business community, the term is used to refer to how resources are acquired, transported and stored along the supply chain. By having an efficient supply chain and proper logistical procedures, a company can cut costs and increase efficiency.
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See also: Inventory, Inventory Turnover, Just In Time, Supply Chain, Supply Chain Management
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