Asked by Isaiah Drayton on May 02, 2024

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Which statement about supply chains is best?

A) New product development is not a supply chain function.
B) If a supplier uses a shipping company to send product to a customer,the shipping company is technically not a supply chain member.
C) Funds in a supply chain flow upstream only.
D) Flows in a supply chain may be managed by an intermediary.

Supply Chains

The entire network of entities, directly or indirectly, involved in the sourcing, production, and distribution of goods or services from suppliers to consumers.

Supply Chain Function

The activities and operations undertaken by entities within a supply chain, from procurement of raw materials to delivery of finished goods.

Shipping Company

A business that provides services for transporting goods by sea, air, or land, from one location to another.

  • Assess the involvement of diverse groups in the governance and improvement of supply chain operations.
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LN
Linda NguyenMay 03, 2024
Final Answer :
D
Explanation :
Flows in a supply chain may be managed by an intermediary. This means that a third-party company or organization may handle logistics or other aspects of the supply chain process. Therefore, D is the best statement about supply chains. A is incorrect because new product development can be considered part of the supply chain process. B is incorrect because shipping companies can be considered part of the supply chain as they facilitate the movement of goods from one point to another. C is incorrect as funds can flow both upstream and downstream in a supply chain.