By coordinating the efforts of supply chain participants, firms that engage in supply chain management are reaching beyond the limits of their own organization's hierarchical structure and creating a new network form of organization among the members of the supply chain.

Question

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Supply chain management involves coordinating the efforts of multiple organizations within the supply chain, creating a new network form of organization. This extends beyond the hierarchical structure of any one individual organization.

By Coordinating the Efforts of Supply Chain Participants, Firms That