The procurement element of a supply chain management system involves:
A) purchase of components, supplier selection, and strategic alliances.
B) coordination, measurement, and control across the entire supply chain.
C) transportation, CRM, and logistics parties.
D) lean, inventory control, and product quality.
E) sales promotion, events, PR, and publicity.

Question

Quizplus · Accepted Answer

The procurement element of a supply chain management system involves purchasing the necessary components, selecting reliable suppliers, and establishing strategic alliances to ensure a steady supply of goods and services. The other options listed are important elements of supply chain management but do not pertain specifically to procurement.

The Procurement Element of a Supply Chain Management System Involves