Multiple Choice QuestionA major function of operations is _____, which refers to connecting and integrating all parties or members of the distribution system in order to satisfy customers.Multiple choice question.just-in-time managementfinished-goods inventorysupply chain managementmarketing management
Question
Multiple Choice QuestionA major function of operations is _____, which refers to connecting and integrating all parties or members of the distribution system in order to satisfy customers.Multiple choice question.just-in-time managementfinished-goods inventorysupply chain managementmarketing management
Solution
The correct answer is "supply chain management". This term refers to the management of the flow of goods and services, which includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. Therefore, it involves connecting and integrating all parties or members of the distribution system in order to satisfy customers.
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