Question

A management system that coordinates and integrates all of the activities performed by member companies into a seamless process, from the source to the point of consumption, resulting in enhanced customer and economic value is called _____.

Answer 1

Answer:

Supply Chain Management

.

Explanation:

Supply Chain Management refers to the movement of raw materials, work in progress inventory and finished goods till they are consumed. supply chain management has been generally defined as the planning, executing, controlling and designing of the supply chain activities with its aim being to make the net value and equalling supply with demand but also checking the global performance at large.

 Supply Chain Management Al's concerns itself with coordinating and integrating the activities of supply chain members into seamless processes from the original source(s) to the time of consumption. This gives managers of the supply chain, the total visibility of the supply chain whether inside or outside the firm. Supply chain managers maximize the strengths and efficiency at any level of the process to make a competitive, very highly, consumer-target supply system which can respond to the changes in demand and supply immediately.

Answer 2

Answer:

Supply Chain Management