What term refers to a set of approaches and techniques a firm employs to efficiently integrate suppliers, manufacturers, warehouses, stores, and other firms involved in the transaction?

Question

Axel Sims

Business

4 May, 07:00

What term refers to a set of approaches and techniques a firm employs to efficiently integrate suppliers, manufacturers, warehouses, stores, and other firms involved in the transaction?

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Answers (1)

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Mateo Taylor · Answer 1

Supply Chain Management

Explanation:

Supply chain management is the backbone of any organisation. It connects all the sectors of a firm into one chain that is the manufacturers, stores, warehouse, suppliers, wholesalers and retailers. It is the process of movement of services and goods or raw material and involves all the process to transform the raw material into the final product.