Supply Chain Management Not Only Deals with the Movement of Materials

question 75

True/False

Supply chain management not only deals with the movement of materials, parts, and finished goods, it also manages the return of goods and recycling of materials when appropriate.

---

Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, primarily driven by international trade and investment and aided by information technology.

Labour Market

The supply and demand for labor, where employers seek to hire workers and workers seek employment.

Environmental Scanning

The process of gathering, analyzing, and interpreting information about a company’s external environment to aid in decision-making.

HRM Adaptation

The process by which human resource management practices are tailored to fit the changing needs and objectives of an organization.