The management of all activities in the supply chain, in order to minimize the total cost of the supply chain, and to maximize the value of the product to the end user is known as _____.
A) a telecommunication network
B) internetworking
C) enterprise resource planning
D) supply chain
E) supply-chain management

Question

Quizplus · Accepted Answer

Supply-chain management involves the coordination and management of all activities in the supply chain to minimize costs and maximize value. The other options (telecommunication network, internetworking, and enterprise resource planning) are related to information technology and business management but do not specifically address supply chain management.

The Management of All Activities in the Supply Chain, in Order