Which of the following BEST describes supply chain management?

Question

Quizplus · Accepted Answer

Supply chain management is primarily concerned with the physical flow of goods and materials from suppliers to manufacturers to retailers to customers. It encompasses all activities related to product sourcing, production, logistics, and delivery.

Choice B is incorrect because while supply chain management does aim to respond to customer demand, it is not a stimulator of it.

Choice C is incorrect because while suppliers are an important part of supply chain management, it is a collaborative effort between all parties involved in the production and delivery of goods, not just driven by one party.

Choice D is incorrect because supply chain management actually increases customer and economic value by improving efficiency and reducing costs.

Which of the Following BEST Describes Supply Chain Management