What Does Supply Chain Management Involve

question 16

Multiple Choice

What does supply chain management involve?

• A) Analyzing and redesigning workflow within and between enterprises
• B) Managing information flows between and among activities in a supply chain to maximize total supply chain effectiveness and corporate profitability
• C) Managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention and an organization's profitability
• D) Integrating all departments and functions throughout an organization into a single IT system so that employees can make decisions by viewing enterprise-wide information on all business operations

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Definitions:

Selection Techniques

Methods used by companies to identify and hire the most suitable candidates for a job position.

Physical Examination

A medical assessment typically involving a visual inspection, palpation, and other techniques to evaluate an individual's health.

Selection Process

The method by which individuals are screened and chosen to fill positions in organizations, often involving steps such as interviews and tests.

Fringe Benefit Programs

Employer-provided supplements to an employee's salary, such as health insurance, retirement plans, and paid vacations, which offer additional value.