Supply Chain Management Involves Managing

question 8

Multiple Choice

Supply chain management involves managing:

• A) the flow of internal information only.
• B) the flow of materials and information from suppliers and buyers to the final customer.
• C) the flow of raw materials to inventory only.
• D) managing the stock room supply only.

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Definitions:

Process

A series of actions or steps taken to achieve an end.

Internal Business Processes

Activities or operations within a company that contribute to the business's goals, often focusing on efficiency and productivity.

Strategy

A high-level plan or set of actions designed to achieve long-term or overall aims and objectives, often within a competitive environment or to solve a problem.

Support Activities

Functions or operations that help make a business's primary activities more efficient, such as procurement, technology development, human resource management, and firm infrastructure.