Supply chain management is the process of selecting whether to make or buy the resources necessary for the manufacturing process.

Question

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Supply chain management encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management. It also includes the coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. It is much broader than just selecting whether to make or buy resources.

Supply Chain Management Is the Process of Selecting Whether to Make