All of the following statements accurately describe supply chain management EXCEPT:
A) It is a closed-loop system solely within the project organization's boundaries.
B) It spans across suppliers and producers, resellers, project organizations and consumers.
C) It addresses the flow of material, service, monetary and information across supply chain partners.
D) It is a system's approach to managing the entire flow of physical products.

Question

All of the following statements accurately describe supply chain management EXCEPT:​ 
A) It is a closed-loop system solely within the project organization's boundaries. 
B) It spans across suppliers and producers, resellers, project organizations and consumers. 
C) It addresses the flow of material, service, monetary and information across supply chain partners. 
D) It is a system's approach to managing the entire flow of physical products.

Quizplus · Accepted Answer

Supply chain management is not a closed-loop system solely within the project organization's boundaries. It involves multiple partners and stakeholders, including suppliers, producers, resellers, and consumers, and addresses the flow of material, service, monetary, and information across the supply chain. The focus is on managing the entire flow of physical and non-physical goods and services from the source to the end user.

All of the Following Statements Accurately Describe Supply Chain Management