Which of the following BEST describes supply chain management?
A) The principle of improving the supply chain by focusing on the slowest step in the chain
B) A limitation on the number of suppliers allowed to supply a particular company
C) Complete movement of raw materials throughout a manufacturing or service facility
D) A cost-reduction program in which wholesalers and retailers are eliminated in an effort to entice consumers to purchase directly from manufacturers
E) The principle of looking at the supply chain as a whole in order to improve the overall flow through the system
Answer: E
Explanation: E) In addition, because customers ultimately get better value, supply chain management gains competitive advantage for each supply chain member.
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a. help more than they hurt. b. hurt more than they help. c. are equivalent to an import quota. d. are equivalent to an export quota.
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Paul, a resident of Arizona, purchased a collector's edition of a magazine from Arthur, a retailer of comics and magazines, at a convention held in Arizona. Paul paid for the magazine, but did not receive it
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