Which of the Following BEST Describes Supply Chain Management

question 115

Multiple Choice

Which of the following BEST describes supply chain management?

• A) the principle of improving the supply chain by focusing on the slowest step in the chain
• B) a limitation on the number of suppliers allowed to supply a particular company
• C) complete movement of raw materials throughout a manufacturing or service facility
• D) a cost-reduction program in which wholesalers and retailers are eliminated in an effort to entice consumers to purchase directly from manufacturers
• E) the principle of looking at the supply chain as a whole in order to improve the overall flow through the system

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Definitions:

Electronic Equipment

This encompasses devices or systems that utilize electrical energy to perform a wide range of functions, from computation to communication.

Seismic Shift

A significant and often sudden change or transformation in an industry or market, similar to the impact of an earthquake.

Clean Commerce

Business practices characterized by a focus on sustainability, ethical sourcing, and minimizing environmental impact.

Sustainable Enterprise

A business designed to operate in a manner that meets present needs without compromising the ability of future generations to meet their needs.