________ refers to the development of the supply chain structure and the accumulation of the necessary information needed to make effective supply chain decisions.
A) Supply chain management
B) Supply chain planning
C) Supply chain operating execution
D) Supply chain operations planning
E) Supply chain performance evaluation

Question

Quizplus · Accepted Answer

Supply chain planning refers to the process of developing the supply chain structure and gathering relevant information to optimize supply chain decisions. This involves activities such as forecasting, inventory planning, transportation planning, and production planning. Supply chain management refers to the broader set of activities that includes planning, executing, monitoring, and controlling the activities involved in the supply chain. Supply chain operating execution, on the other hand, relates to the actual implementation of the supply chain plan. Supply chain operations planning focuses on optimizing the operational aspects of the supply chain, such as manufacturing, logistics, and customer service. Supply chain performance evaluation involves measuring and assessing the performance of the supply chain against predefined metrics.

________ Refers to the Development of the Supply Chain Structure