The integration and organization of information and logistics across firms in a supply chain for the purpose of creating and delivering goods and services that provide value to consumers is referred to as:

Question

Quizplus · Accepted Answer

Supply chain management is the practice of integrating and coordinating the flow of materials, information, and services from raw material suppliers through factories and warehouses to the end customer. It involves managing various activities such as procurement, production, transportation, inventory management, and customer service to optimize efficiency and effectiveness, reduce costs, and improve customer satisfaction. Option B, point-to-point management, is not a commonly used term in supply chain management. Option C, just-in-time management, refers to a specific inventory management technique that aims to reduce inventory levels and increase efficiency by producing and delivering goods just in time to meet customer demand. Option D, logistics management, is a part of supply chain management that focuses on the planning, implementation, and control of the movement and storage of goods, services, and related information between the point of origin and the point of consumption.

The Integration and Organization of Information and Logistics Across Firms