What Is Supply Chain Management (SCM)

question 147

Multiple Choice

What is supply chain management (SCM) ?

• A) The management of information flows between and among activities in a supply chain to maximize total supply chain effectiveness and corporate profitability.
• B) Takes information entered into a given system and sends it automatically to all downstream systems and processes.
• C) A means of managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention and an organization's profitability.
• D) Connects the plans, methods, and tools aimed at integrating separate enterprise system.

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Definitions:

Total

The sum or aggregate amount resulting from the addition of individual numbers, quantities, or items, often representing a final sum in accounting and mathematics.

Gross Sales

The total sales revenue from goods or services before any deductions for returns or discounts.

Direct Expense

Expenses that can be directly attributed to the production of specific goods or services, such as materials and labor.

Sales Salaries

Compensation paid to employees directly involved in the sales function of a business, typically comprising both base salary and commissions.