Which of the following BEST describes supply chain management? A) The principle of improving the supply chain by focusing on the slowest step in the chain B) A limitation on the number of suppliers allowed to supply a particular company C) Complete movement of raw materials throughout a manufacturing or service facility D) A cost-reduction program in which wholesalers and retailers are eliminated in an effort to entice consumers to purchase directly from manufacturers E) The principle of looking at the supply chain as a whole in order to improve the overall flow through the system

Question

Quizplus · Accepted Answer

Supply chain management involves the coordination and management of all activities involved in the production and delivery of goods and services to the end customer. This includes the movement of raw materials, inventory management, production scheduling, transportation, and distribution. It involves looking at the supply chain as a whole in order to improve the overall flow through the system, which is captured in choice E.

Which of the Following BEST Describes supply Chain Management