When companies integrate their supply management and logistics activities across multiple participants in a particular product's supply chain, the job of managing that integration is called ____.
A)supply chain management
B)procurement management
C)enterprise resource planning
D)total quality management

Question

Quizplus · Accepted Answer

Supply chain management encompasses the planning, coordination, and execution of all activities involved in the procurement and logistics of goods and services from suppliers to customers. It involves integrating and coordinating the activities of suppliers, transporters, manufacturers, distributors, and retailers to optimize the flow of materials, products, and information across the supply chain. Procurement management focuses specifically on the acquisition of goods and services from external sources. Enterprise resource planning (ERP) refers to a software system that integrates all of a company's business processes, including finance, human resources, manufacturing, and supply chain management. Total Quality Management (TQM) is a management approach that seeks to optimize the quality of products and services through continuous improvement efforts.

When Companies Integrate Their Supply Management and Logistics Activities Across