What Is 'Supply Chain Management

question 29

Multiple Choice

What is 'supply chain management'? 

• A) The management of all suppliers in such a way that the expectations of the end users of the company are met or surpassed. 
• B) The management of all of goods and services up from the raw materials suppliers, component suppliers and other suppliers in such a way that the expectations of the end users of the company are met or surpassed. Purchasing 
• C) The management of all activities, information, knowledge and financial resources associated with the flow and transformation of goods and services. 
• D) The management of all activities, information, knowledge and financial resources associated with the flow and transformation of goods and services up from the raw materials suppliers, component suppliers and other suppliers in such a way that the expectations of the end users of the company are met or surpassed.

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Definitions:

U.S. Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy.

Government

The organized system or group of people governing an organized community, often a state or nation, responsible for creating and enforcing laws.

Speak English

The use of the English language for communication.

Ideal

A conception of something in its most perfect form or a standard of perfection or excellence.