Exchanging information to reduce costs,speed delivery,and improve quality is the definition of:
A)ERP.
B)JIT.
C)Supply-chain management.
D)TQM.

Question

Quizplus · Accepted Answer

Supply-chain management involves the coordination and collaboration among suppliers, manufacturers, distributors, and retailers to improve the efficiency and effectiveness of the supply chain. The exchange of information is necessary to reduce costs, speed delivery, and improve quality. ERP (Enterprise Resource Planning) is a software system that integrates various business functions such as finance, HR, and operations. JIT (Just-in-Time) is a production strategy that aims to minimize inventory levels and maximize efficiency. TQM (Total Quality Management) is a management approach that emphasizes continuous improvement and customer satisfaction. While all of these concepts may involve exchanging information, supply-chain management specifically focuses on the coordination and collaboration among different parts of the supply chain.

Exchanging Information to Reduce Costs,speed Delivery,and Improve Quality Is the Definition