Which of the following is a primary function of materials management?
a. It enables firms to manage volumes of returned product efficiently while minimizing returns-related costs and maximizing the value of the returned assets to the firms in the supply chain.
b. It orchestrates the movement of goods, services, information, and other materials from manufacturer to end user.
c. It includes the group of activities that facilitates the joint development and marketing of new offerings among a group of supply chain partner firms.
d. It encompasses the sourcing and procurement operations, signaling when raw materials will need to be replenished for the production of more goods.
ANSWER: d
Managing inventory from the supplier to the manufacturer is called materials management. It encompasses the sourcing and procurement operations, signaling when raw materials will need to be replenished for the production of more goods.
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