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.
A) supply chain
B) physical distribution group
C) logistics partnership
D) just-in time group
E) None of these alternatives is a good answer.

Question

Quizplus · Accepted Answer

A supply chain refers to the complete network of firms, facilities, and logistics activities involved in the creation and delivery of a product or service to customers. It includes all the steps from procuring raw materials to delivering the final product to the end consumer. This comprehensive approach to managing the flow of goods and services is vital for ensuring customer satisfaction, minimizing costs, and maximizing profits. The other options, such as physical distribution group, logistics partnership, and just-in-time group, do not accurately capture the full scope of activities involved in managing the supply chain.

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