Asked by Brittany Cates on Jun 19, 2024
Verified
Supply chain management is:
A) externally focused from supply management to suppliers.
B) externally focused from supply management to suppliers,and from suppliers to their suppliers.
C) internally focused to align with other functions and externally focused upstream through the supplier network and downstream through the customer network.
D) internally focused from supply management to internal users/customers.
E) internally focused from supply management to senior management.
Supply Chain Management
The coordinated management of all activities involved in sourcing, procuring, producing, and delivering goods or services to consumers.
Supplier Network
A group of suppliers that are interconnected and interact with one another to supply goods or services to a particular company.
Customer Network
Refers to the web of relationships a business builds with its customers, often to foster loyalty, repeat business, and referrals.
- Understand the evolution and current trends in supply management.
Verified Answer
MJ
Mattin JoshuaJun 22, 2024
Final Answer :
C
Explanation :
Supply chain management requires an internal focus to align with other functions such as marketing, sales, and production, while also being externally focused through the supplier network and customer network. This includes managing relationships with suppliers and their suppliers, as well as managing the flow of products and information downstream to customers.
Learning Objectives
- Understand the evolution and current trends in supply management.