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:

Ethnocentrism

describes the act of judging another culture solely based on the values and standards of one's own culture.

Rights Revolution

A period or movement focused on significantly expanding civil, human, and legal rights through legal challenges, advocacy, and policy changes.

Cultural Sovereignty

The right of a group or nation to preserve its culture, traditions, and language, and to govern itself without external influence.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.