Supply Chain Management Refers to

question 69

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 products 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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Definitions:

Odorant Receptors

Specific proteins located on the olfactory neurons in the nose, responsible for detecting airborne molecules and initiating the perception of smell.

Perilymph

The fluid that fills the space between the membranous labyrinth and the bone that encloses the inner ear, aiding in hearing and balance.

Membranous Labyrinth

Membranous structure within the inner ear consisting of the cochlea, vestibule, and semicircular canals.

Bony Labyrinth

An elaborate network of pathways and spaces located in the temporal bone of the skull, containing the inner ear's hearing and balance mechanisms.