A systems approach to managing the flow of information,materials,and services from tiers of suppliers through the buying organization to tiers of customers is:
A)strategic sourcing.
B)materials management.
C)supply chain management.
D)procurement management.
E)inventory management.

Question

Quizplus · Accepted Answer

Supply chain management involves the coordination and optimization of materials, services, and information flow from suppliers through a buying organization to the end customer. It focuses on the effective management of the entire supply chain to control costs, reduce lead times, and improve customer satisfaction. Strategic sourcing, procurement, materials management, and inventory management are all important components of supply chain management, but they do not encompass the entire process.

A Systems Approach to Managing the Flow of Information,materials,and Services