Which of the following is not a definition of SCM?
A) SCM is an integrating philosophy to manage the total flow of a distribution channel from supplier to the ultimate customer.
B) SCM encompasses integrative management of the sequential flow of logistical, conversion and service activities from vendors to ultimate consumers necessary to produce a product of service efficiently and effectively.
C) SCM is a strategic concept that involves the understanding and managing of the sequence of activities - from supplier to customer - that add value to the product supply chain.
D) Supply chain management is the mathematical optimization of the supply chain system using formulas derived from operations research theory.
E) Supply chain management is the collaborative effort of multiple channel members to design, implement, and manage seamless value-added processes to meet the real needs of the end customer.
Correct Answer:
Verified
Q1: The definition of Supply Chain Management (SCM)depends
Q2: Supply management provides the critical skills required
Q3: Since supply professionals are responsible for developing
Q4: Demand management seeks to estimate,control,smooth,coordinate,balance and influence
Q6: Unfortunately,many companies define logistics as synonymous with
Q7: Logistics professionals play an important role in
Q8: Logistics can be defined as synonymous with
Q9: Operations management is the part of the
Q10: Logistics management seeks to estimate,control,smooth,coordinate,balance and influence
Q11: Competition in the supply chain is firm
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