A supply chain:
A) Refers to the supplies needed to build products
B) Refers to the flow of materials, information, payments and services.
C) Is similar in function and purpose to the value chain
D) Does not apply to a service firm like an accounting firm.

Question

Quizplus · Accepted Answer

A supply chain involves the flow of materials, information, payments and services from suppliers, through a company's operations, to the end customer. It is an important aspect of logistics and operations management. While it includes the supplies needed to build products, it goes beyond that to encompass the entire process of getting products or services to the end customer. It is similar in function and purpose to the value chain, but focuses more on the physical movement of goods and services. It can apply to service firms as well as manufacturing firms.

A Supply Chain