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:

Performance Targets

Specific goals set by a company or an individual, often quantifiable, aimed at measuring success or achievement in certain areas.

Ethical Responsibility

This concept pertains to the duty to act in a morally sound way, considering the impact of one's actions on others and society.

Personal Ethical Standards

The moral principles that an individual upholds in their personal and professional life.

Local Newspaper

A publication focusing on news, events, and topics of interest within a specific local or regional community.