The Globally Harmonized System of Classification and Labelling of Chemicals (GHS) is the correct answer. It is an international standard developed by the United Nations to create a consistent, worldwide approach to chemical classification and hazard communication. GHS provides a universal framework for hazard information on chemical labels and Safety Data Sheets (SDS). This system ensures that workers in logistics and other industries receive coherent and understandable information on chemical hazards, promoting safer handling, transport, and storage. The other options are unrelated inventory management methodologies.

A. FIFO (First-In, First-Out) is an inventory control method for rotating stock, not a system for classifying chemical hazards.

B. JIT (Just-In-Time) is a manufacturing and inventory strategy to reduce waste and holding costs, unrelated to chemical labeling.

C. LIFO (Last-In, First-Out) is an inventory management and valuation method, not a standard for chemical safety communication.

1. United Nations Economic Commission for Europe (UNECE). (2021). Globally Harmonized System of Classification and Labelling of Chemicals (GHS) (Ninth revised edition). "Introduction," Section 1.1.1.1. "The primary goal of the GHS is to provide a harmonized and coherent approach to defining and classifying hazards, and communicating hazard information on labels and safety data sheets." Available at: https://unece.org/transport/dangerous-goods/ghs-rev9-2021

2. Occupational Safety and Health Administration (OSHA), U.S. Department of Labor. Hazard Communication Standard. 29 CFR 1910.1200(a)(1). "The purpose of this section is to ensure that the hazards of all chemicals produced or imported are classified, and that information concerning the classified hazards is transmitted to employers and employees. The transmittal of information is to be accomplished by means of comprehensive hazard communication programs, which are to include container labeling and other forms of warning, safety data sheets and employee training." The standard is explicitly aligned with the GHS.

3. Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation (6th ed.). Pearson. Chapter 11 discusses inventory management policies like FIFO and LIFO, defining them as methods for managing stock flow and valuation, distinct from safety or classification systems.