The coordination of value-adding flows among the entities in a way that maximizes overall value delivered and profit realized is called _______________.

Question

Quizplus · Accepted Answer

The definition provided describes the concept of supply chain management, which involves the coordination and optimization of all aspects of the supply chain to maximize value and profits. Physical distribution and the bulk-breaking and accumulating processes are components of supply chain management. However, supply chain management encompasses a much broader scope than any individual process within it, making C the best choice.

The Coordination of Value-Adding Flows Among the Entities in a Way