According to the Institute for Supply Management,____ is the identification,acquisition,access,positioning,and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.
A) supply chain management
B) procurement
C) logistics
D) supply management
E) purchasing

Question

Quizplus · Accepted Answer

The definition provided by the Institute for Supply Management is specifically referring to supply management, which encompasses all aspects of sourcing and supplier management. While procurement, logistics, and purchasing are related fields, they do not encompass the entire scope of supply management as defined. Supply chain management is a broader term that encompasses supply management but also includes activities related to logistics and distribution.

According to the Institute for Supply Management,____ Is the Identification,acquisition,access,positioning,and