Which term refers to processing and tracking goods during their warehousing,inventory control,transport,customs documentation,and delivery stages?

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Quizplus · Accepted Answer

Logistics refers to the process of managing and tracking goods during their warehousing, inventory control, transport, customs documentation, and delivery stages. It involves coordinating the movement and storage of goods from the point of origin to the point of consumption, while minimizing costs and optimizing efficiency. Supply chain management encompasses a broader range of activities, including sourcing, procurement, production, and distribution, as well as logistics. While logistics is an important part of supply chain management, it only refers to a specific subset of activities within the overall supply chain.

Which Term Refers to Processing and Tracking Goods During Their