Which of the following is the term for managing the sequence of suppliers and purchasers, covering all stages of processing from obtaining raw materials to distributing finished goods to final consumers?
A) Procurement management
B) Supply chain management
C) Customer satisfaction
D) Logistics
E) Competitive advantage

Question

Quizplus · Accepted Answer

Supply chain management involves managing the sequence of suppliers and purchasers, covering all stages of processing from obtaining raw materials to distributing finished goods to final consumers. Procurement management focuses on the process of obtaining goods and services from suppliers, while logistics refers to the management of the physical flow of goods. Customer satisfaction and competitive advantage are important outcomes of effective supply chain management, but they are not the term for managing the sequence of suppliers and purchasers.

Which of the Following Is the Term for Managing the Sequence