ITPEC FE Morning October 2019 Question 62
ITPEC FE Morning October 2019 — Question 62 of 80
Supply Chain Management (SCM) — optimizing the entire chain from procurement to delivery.
SCM covers the sequence of business operations — purchasing, production, sales, and distribution — reexamined across companies for total optimization. The goal is to minimize inventory and accelerate delivery by coordinating the entire supply chain.
Why not others:
- (a) Describes CRM (Customer Relationship Management) — consolidating customer data to build closer relationships.
- (b) Describes HRM (Human Resource Management) — managing employee skills and behavioral traits for personnel decisions.
- (c) Describes Knowledge Management — sharing individual know-how and experience to inspire creative work.
Key rule: SCM = cross-company optimization of the supply chain (procurement → production → sales → delivery) to cut inventory and speed up fulfillment.
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