Gonzales Company has developed an integrated system that coordinates the ﬂow of all goods, services, and information into and out of the organization, working with raw material vendors as well as customers to improve service and reduce costs.The ﬁrm is said to be using:
A)participative management.
B)top-down management.
C)strategic cost management.
D)supply chain management.
E)management by objectives (MBO).

Question

Quizplus · Accepted Answer

The integrated system developed by Gonzales Company that coordinates the flow of goods, services, and information with raw material vendors and customers is an example of supply chain management. Supply chain management involves managing all aspects of the flow of goods and services from raw materials to finished products and their delivery to customers, with a focus on improving efficiency and reducing costs.

Gonzales Company Has Developed an Integrated System That Coordinates the ﬂOw