Question

According to the Institute for Supply Management, _____ is the identification, acquisition, access, positioning, and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.
a. supply chain management

b. procurement

c. logistics

d. supply management

e. distribution

Answer 1

Answer: (D) Supply management

Explanation:

 The supply management is the process of managing the resources for operating the business in an organization by providing the efficient information, budget and the products in an organization.

The main objective of the supply management is that managing all the business operations and also the products according to the customer needs.

 The supply management also keeping the cost of the products and the services more stable and also effectively manage the profits of the business in an organization.

 Therefore, Option (D) is correct.