What is the oversight of materials, information and finances as they are distributed from supplier to consumer called?

This process refers to SCM.

Supply chain management

Right Answer is <<<<<<<<< Supply Chain Management >>

My answer is <<<<<<<<<<<<<>>>>>>>>>>>>>>>Supply chain management

The oversight of materials, information and finances as they are distributed from supplier to consumer is called Supply chain management. Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer. As organizations strive to focus on core competencies and become more flexible, they reduce their ownership of raw materials sources and distribution channels. These functions are increasingly being outsourced to other firms that can perform the activities better or more cost effectively. The effect is to increase the number of organizations involved in satisfying customer demand, while reducing managerial control of daily logistics operations. Less control and more supply chain partners lead to the creation of the concept of supply chain management. The purpose of supply chain management is to improve trust and collaboration among supply chain partners, thus improving inventory visibility and the velocity of inventory movement.

Hello Team,

A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, through to its eventual delivery to the end user. The supply chain segment involved with getting the finished product from the manufacturer to the consumer is known as the distribution channel.

Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. The three main flows of the supply chain are the product flow, the information flow and the finances flow. SCM involves coordinating and integrating these flows both within and among companies.

Regards,

 

Saiyid

Agree with the expert answers given here .Thanks

Thanks for the invite I agree with the rest of experts answers

choice #" 2 "                                   .

Supply chain management--------------------

The correct answer  goes to  : 01- Supply Chain Management.

It should be supply chain Management