Question

Supply chain management refers to a set of approaches and techniques firms employ to efficiently and effectively integrate their manufacturers, warehouses, transportation intermediaries, stores, and suppliers (T/F)

Answer 1

Answer:

True

Explanation:

Supply Chain management is an integral part of inventory management, which aims to manage the inventory so that there is inventory available for production and supply every-time, along with the target to keep the cost low.

It basically develops a chain of supply, starting from acquisition of inventory, order placing, transportation, warehousing etc:

Then all the allocations done in business, issue of inventory to production, and then  moving to warehouse again the finished goods.

Further supplying the finished goods to the purchasing party.

And then maintaining this cycle in the most efficient manner.