The goal of SCM is to create a fast, efficient, and low-cost network of business relationships, or a _______________, to get a company's products from concept to market.
A) supply chain
B) service chain
C) product chain
D) relationship chain

Question

Quizplus · Accepted Answer

The correct term used in the industry and by scholars is supply chain. A supply chain refers to the end-to-end process of how a product or service is produced and delivered to the customer. A supply chain includes all of the organizations, people, technology, activities, and resources involved in this process. The goal of SCM is to optimize this process to deliver products to customers faster, at a lower cost, and with higher quality.

The Goal of SCM Is to Create a Fast, Efficient