The integration of supply processes from end user through original suppliers that provide products,services and information that adds value for customers is:
A) Preferred supplier systems
B) Strategic sourcing
C) Benchmarking
D) Demand planning
E) Supply chain management

Question

Quizplus · Accepted Answer

The provided definition matches with the concept of supply chain management, which involves the coordination and integration of activities involved in the production and delivery of products and services to end users, including suppliers, manufacturers, distributors, and retailers. Option A (Preferred supplier systems) refers to a procurement strategy focused on selecting and working with a set of preferred suppliers, while option B (Strategic sourcing) involves identifying, evaluating and selecting suppliers based on strategic criteria. Option C (Benchmarking) refers to the process of comparing performance metrics with industry best practices or competitors, and option D (Demand planning) is focused on predicting customer demand to optimize inventory levels and production schedules.

The Integration of Supply Processes from End User Through Original