What does "asset visibility" refer to in logistics?

Asset visibility in logistics refers to the ability to track and manage assets in real-time throughout the supply chain. This concept is vital for efficient logistics operations as it enables businesses to have a clear view of their inventory, equipment, and resources at all times. Real-time tracking ensures that companies can respond quickly to demand changes, minimize losses, and optimize the use of resources. Real-time data provides insights that are essential for decision-making regarding inventory levels, asset maintenance, and distribution efficiency.

The other options do not correctly encapsulate the comprehensive nature of asset visibility. Maintaining asset values, focusing on budgeting, and understanding depreciation rates are important aspects of asset management, but they do not reflect the dynamic and operational tracking required for true asset visibility in logistics.