Final answer:
Order processing is the logistics function that deals with the activities from when an order is received to when a product is shipped out.
Step-by-step explanation:
The logistics function that refers to a series of activities occurring between the time an order is received by the organization and the time the product is shipped out is Order processing. This function encompasses the entire process from order entry, order fulfillment, and order shipment. Order processing is crucial because it directly affects customer satisfaction with regards to how quickly and accurately an order is filled and delivered.
In the context of the creation, distribution, and management of key natural resources, efficient order processing is essential for the smooth movement of products and plays a significant role in determining the patterns of movement of money and people, as well as the location decisions made by firms. It is one of several processes that create value in the production chain, which also includes transportation, distribution, retail and wholesales sales.