The term ________ is commonly used to refer to a collection of companies and processes involved in moving a product from the suppliers of raw materials to the customer.

Question

Quizplus · Accepted Answer

The term supply chain is commonly used to refer to a collection of companies and processes involved in moving a product from the suppliers of raw materials to the customer. Distribution resource planning (A) is a subset of supply chain management that specifically focuses on managing the movement of finished goods to customers. Procurement (C) is the process of obtaining goods and services from a supplier. Demand chain (D) is not a commonly used term in supply chain management, and does not accurately describe the entire process from raw materials to finished product delivery. Value network (E) is a broader term that encompasses all the activities and relationships involved in delivering value to customers, including supply chain management, but also including marketing, sales, and customer service.

The Term ________ Is Commonly Used to Refer to a Collection