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Which best describes the supply chain?A supply chain is a network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers.
What is the best definition of Supply Chain Management quizlet?What is the best definition of supply chain management? A) The activities within an organization to receive, store, and distribute incoming goods for the purposes of production. B) An organization's activity to manage all aspects of the vendor relationship including price, quality, and timeliness of deliveries.
What is a supply chain quizlet?Supply Chain. consists of all parties involved, directly or indirectly, in the procurement of a product or raw material. Supply Chain Management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability.
Which of the following best describes supply chain planning systems quizlet?Which of the following best describes supply chain planning systems? Supply chain planning systems enable the firm to model its existing supply chain, generate demand forecasts for products, and develop optimal sourcing and manufacturing plans.
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