Supply Chain Management Refers to

question 297

Multiple Choice

Supply chain management refers to

• A)the integration and organization of information and logistic activities across firms for the purpose of creating and delivering goods and services that provide value to ultimate consumers.
• B)organizing the cost-effective flow of raw materials,in-process inventory,finished goods,and related information from point-of-origin to point-of-consumption to satisfy customer requirements.
• C)the integration and organization of information and logistical activities that actively bring consumers together with sellers through the express use of agents and brokers.
• D)an inventory management system that is designed to reduce the retailer's lead time for receiving merchandise,which then lowers a retailer's inventory investment,improves customer service levels,and reduces logistic expenses.
• E)a highly organized system that facilitates minute-to-minute communication between all members of a supply chain and ensures the producer is aware of any changes in delivery or demand for a product or service.

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