Supply Chain Management

Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products.

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Supply chain management has 6 key elements planning, sourcing, raw materials, manufacturing, delivery, income, and returns.

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• FALSE

Examples of supply chain activities can include designing, farming, manufacturing, packaging, or transporting

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A supply chain is the network of individuals, companies, resources, activities, and technologies used to make and sell a product or service.

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Place is the marketing mix element that deals with supply chain management as it involves the processes that take goods and services from their raw beginnings to the ultimate destination--the customer.

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• FALSE