Although Nearly Any Organization Can Be Part of a Supply

question 6

Multiple Choice

Although nearly any organization can be part of a supply chain,supply chain management requires:

• A)the involvement of third-party logistics companies
• B)overt management efforts by the organizations in a supply chain
• C)the participation of world-class organizations
• D)at least one organization to be a multinational company

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Definitions:

Quantitative Approaches

Methods that involve the use of numerical data and statistical analysis to understand and solve problems.

Managerial Rules of Thumb

Informal guidelines or principles that managers use, based on experience and practice, to make decisions and solve problems.

Mathematical Models

Representations of real-world systems or phenomena using mathematical concepts and language to analyze and predict behaviors.

Bureaucracy

A system of governance or organization characterized by standardized procedures, hierarchical structure, and formal rules.