Question

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

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