Supply chain management refers to
A)the contracts put in place to manage a firm's suppliers.
B)the decisions around which stages of production to handle internally and which to buy from others.
C)how the firm compensates the employees who work on the firm's internal stages of production.
D)the 19th century practice of having barges move downstream with the flow of the river.

Question

Quizplus · Accepted Answer

Supply chain management involves making decisions around which stages of production to handle internally and which to outsource to other companies or suppliers. This includes managing the flow of goods, information, and finances between different stages of production and suppliers to ensure that products are delivered to customers in a timely and cost-effective manner. It also involves coordinating with suppliers to manage risks and ensure that quality standards are met.

Supply Chain Management Refers to