What Term Describes a Supply Chain That Is Designed to Optimize

question 128

Multiple Choice

What term describes a supply chain that is designed to optimize both forward and reverse flows?

• A) closed-loop supply chain
• B) full-journey supply chain
• C) circular supply chain
• D) network supply chain
• E) recycled supply chain

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Definitions:

Cost Of Goods Sold

The total cost directly associated with producing or acquiring the goods sold by a company during a specific period.

Periodic Inventory Systems

Periodic Inventory Systems are accounting methods that calculate the inventory at the end of an accounting period to determine cost of goods sold and ending inventory.

Perpetual Inventory Systems

Inventory accounting method that continuously tracks inventory levels and updates accounting records for each purchase and sale.