Is The universally accepted definition of supply chain management is "the management and integration of the parties involved in producing the end items coveted by consumers."

Question

Hailee Landry

Business

29 July, 22:24

Is The universally accepted definition of supply chain management is "the management and integration of the parties involved in producing the end items coveted by consumers."

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Answers (1)

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Izayah Frank · Answer 1

The statement is: False.

Explanation:

Supply Chain Management (SCM) refers to the network of activities companies establish to produce a good and deliver the finished output to end-consumers. The process involves obtaining the materials from suppliers, transforming those materials into final-goods, distributing the products to wholesalers who can offer the goods to the open public.

The SCM lacks a universal definition, therefore the management and integration of the parties involved in producing the end items coveted by consumers could be accepted as another alternative description of what the SCM is.