A _____ is the complete set of firms, facilities, and logistics activities that are involved in procuring materials, transforming them into intermediate or finished products, and distributing them to customers.

Question

Quizplus · Accepted Answer

A supply chain includes all entities involved in the process of getting raw materials and transforming them into finished goods and delivering them to the customers. A physical distribution group may be a part of the supply chain, but it only refers to the activities involved in delivering the finished product to the customer. Logistics partnership and just-in-time group are specific terms and not the complete definition of a supply chain.

A _____ Is the Complete Set of Firms, Facilities, and Logistics