__________ is the term for managing the sequence of suppliers and purchasers, covering all stages of processing from obtaining raw materials to distributing finished goods to final consumers.
A) Procurement management
B) Supply chain management
C) Customer satisfaction
D) Logistics
E) Competitive advantage

Question

Quizplus · Accepted Answer

Supply chain management is the term for managing all the stages of the supply chain, including procurement, production, and distribution, to ensure the efficient flow of goods and services from suppliers to consumers. It involves coordinating and integrating activities across multiple entities, from raw material extraction to delivery of finished products, to achieve cost savings, higher quality products, and better customer service.

__________ Is the Term for Managing the Sequence of Suppliers