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:

Human Resources

Refers to the department within an organization responsible for managing all matters related to its employees including recruiting, training, compensation, and ensuring compliance with labor laws.

Recruiting Support

Assistance provided to help organizations in identifying, attracting, and hiring candidates for open positions.

Seller's Market

A market condition characterized by a shortage of goods available for sale, leading to higher prices and favorable conditions for sellers.

Qualified Applicants

Individuals who meet the education, experience, and skill requirements set by an employer for a specific job position.