Regarding technologies involved in the expenditure cycle,SCM stands for:
A)Supplier and Customer Management software
B)Supply Chain Management software
C)Service and Cash Management software
D)Secure Cash Management software

Question

Quizplus · Accepted Answer

SCM stands for Supply Chain Management software, which is a technology used in the expenditure cycle to manage the flow of goods, services, and information from suppliers to customers. It includes functions such as procurement, inventory management, transportation, and logistics, all of which are critical to managing expenses effectively. A is incorrect, as SCM typically encompasses more than just supplier and customer management. C and D are incorrect as these software do not relate to expenditure cycle management.

Regarding Technologies Involved in the Expenditure Cycle,SCM Stands For