What Is Supply Chain Management (SCM)

question 122

Multiple Choice

What is supply chain management (SCM) ?

• A)the management of information flows between and among activities in a supply chain to maximize total supply chain effectiveness and corporate profitability
• B)information entered into a given system and sent automatically to all downstream systems and processes
• C)a means of managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention and an organization's profitability
• D)information that connects the plans, methods, and tools aimed at integrating separate enterprise system

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Definitions:

Investments

Investments refer to assets purchased with the intention of generating income or appreciation, including securities like stocks and bonds, real estate, or other vehicles.

FASB

Financial Accounting Standards Board, an independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.

Fair Value

This is the estimated price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.