What is the term for the entire sequence of procuring inputs, producing goods and services, and delivering goods and services to customers?
A) material requirements planning
B) inventory management
C) supply chain
D) enterprise resource planning

Question

Quizplus · Accepted Answer

The term for the entire sequence of procuring inputs, producing goods and services, and delivering goods and services to customers is called the supply chain. Material requirements planning (A) is a specific process within the supply chain that involves forecasting and planning for the materials needed for production. Inventory management (B) is a component of supply chain management that focuses on managing and optimizing inventory levels. Enterprise resource planning (D) is a system used to manage business processes, including aspects of the supply chain, such as procurement, production, and distribution. While all these terms are related to the supply chain, C is the most comprehensive and accurate answer.

What Is the Term for the Entire Sequence of Procuring