which of the following statements about supply chain management is true? a. it has emerged as a significant source of competitive advantage. b. it is a means to bring up the standard of living of many people all over the world. c. we have made most of the gains we can make in scm globally. d. both a and b

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21-10-2022
Business

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which of the following statements about supply chain management is true? a. it has emerged as a significant source of competitive advantage. b. it is a means to bring up the standard of living of many people all over the world. c. we have made most of the gains we can make in scm globally. d. both a and b

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Sameernangalia Sameernangalia · Answer 1 · 2022-10-27T13:53:19+02:00

The statements about supply chain management which is true are

it is a means to bring up the standard of living of many people all over the world.
it has emerged as a significant source of competitive advantage.

What is supply chain management?

Supply chain management (SCM) is the process of streamlining a product's production, logistics, and delivery to the end user from the sourcing of raw materials through to the end.

The network of all the people, businesses, resources, tasks, activities, and technological advancements involved in the production and distribution of a good is known as a supply chain. A supply chain includes every step of the process, from the transfer of raw materials from the supplier to the producer to the final distribution to the customer.

The technique of coordinating the many tasks required to create and distribute goods and services to a company's clients is known as supply chain management. The following are some examples of supply chain activities: designing, farming, manufacturing, packaging, and shipping.

To learn more about supply chain management visit:

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