Which one of the following statements regarding the supply chain management is F
ID: 376444 • Letter: W
Question
Which one of the following statements regarding the supply chain management is FALSE?
Supply chain applies only to manufacturing because it deals with flow of materials.
Supply chain management tries to match the flow of materials, services and information with demand.
The purpose of supply chain management is to synchronize a firm's processes with those of its suppliers and customers.
The purpose of supply chain design is to shape a firm's supply chain to meet the competitive priorities of its operations strategies.
Supply chain applies only to manufacturing because it deals with flow of materials.
Supply chain management tries to match the flow of materials, services and information with demand.
The purpose of supply chain management is to synchronize a firm's processes with those of its suppliers and customers.
The purpose of supply chain design is to shape a firm's supply chain to meet the competitive priorities of its operations strategies.
Explanation / Answer
In commerce, supply chain management (SCM), the management of the flow of goods and services,It involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain.[3] Supply-chain management has been defined [4] as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.
Point therefore is to be noted that supply chain management applies to both Goods as well as Services
Following statement therefore is FLASE :
“supply chain only applies to manufacturing because it deals with flow of material”
ANSWER : SUPPLY CHAIN ONLY APPLIES TO MANUFACTURING BECAUSE IT DEALS WITH FLOW OF MATERIAL
ANSWER : SUPPLY CHAIN ONLY APPLIES TO MANUFACTURING BECAUSE IT DEALS WITH FLOW OF MATERIAL
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