Question

_________ encompasses all the activities required to get the right product into the right consumer’s hands in the right quantity at the right time and at the right cost, from acquisition of raw materials through customer delivery. ​Select one:a. Supply chain managementb. Value chain managementc. Inventory managementd. Customer management

Answer 1

Answer:

The correct answer is: A) Supply Chain Management

Explanation:

The process of supply chain management includes all the activities starting from the procurement of the products to the delivery to the right customers. It is an integral part of all businesses as the business' functions largely depend on the right and efficient flow of goods. For an effective supply chain process, it has to be made sure that the product and materials are being acquired at the right time, right quantity, and right cost.