Supply chain refers to
A) the practice of organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from point-of-origin to point-of consumption to satisfy customer requirements.
B) a sequence of firms that perform activities required to create and deliver a good or service to consumers or industrial users.
C) the integration and organization of information and logistic activities across firms in a supply chain for the purpose of creating and delivering goods and services that provides value to consumers.
D) the integration and organization of information and logistical activities that actively brings consumers together with sellers through the express use of agents and brokers.
E) a highly organized system that facilitates minute to minute communication between all members of a supply chain that ensures the producer is aware of any changes in delivery or demand for a product or service.
Correct Answer:
Verified
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