Supply chain management refers to the sequence of suppliers and purchasers, covering all stages of processing from obtaining raw materials to distributing finished goods to consumers.

Question

Quizplus · Accepted Answer

Supply chain management is the process of managing the flow of goods and services from the initial stage of raw materials acquisition through to the ultimate consumption by end-users. It includes all activities involved in transforming raw materials into finished products and delivering them to customers. Therefore, the statement is true.

Supply Chain Management Refers to the Sequence of Suppliers and Purchasers