Logistics

n. planning and execution, management of a business or other operation; branch of the military which oversees and maintains material and personnel

Logistics is the art and science of managing and controlling the flow of goods, energy, information and other resources like products, services and people from the source of production to the marketplace. It is difficult or nearly impossible to accomplish any international trading, global export/import processes, international repositioning of raw materials/products and manufacturing without a professional logistical support. It involves the integration of information, transportation, inventory, warehousing, material handling, and packaging. The operating responsibility of logistics is the geographical repositioning of raw materials, work in process and finished inventories where required at the lowest cost possible.
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Noun
1. handling an operation that involves providing labor and materials be supplied as needed
(hypernym) provision, supply, supplying

(n.)
That branch of the military art which embraces the details of moving and supplying armies. The meaning of the word is by some writers extended to include strategy.
  

(n.)
A system of arithmetic, in which numbers are expressed in a scale of 60; logistic arithmetic.
  

activities involved with the orderly and timely acquisition and transportation of materials required for production, and with the storage, handling and despatch of finished goods to customers.