Question: Optimizing the supply chain is a critical business process for any successful organization. The three components of supply chain management on which companies focus to
Optimizing the supply chain is a critical business process for any successful organization. The three components of supply chain management on which companies focus to find efficiencies include procurement, logistics and materials management.
The goal of this activity is for you to identify the three components of supply chain management.
Instructions: Match each component of supply chain management to its correct definition.
Materials Management Procurement Logistics
Match each of the options above to the items below.
Processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain
No answer
Activities that govern the flow of tangible physical materials through the supply chain such as shipping, transport, distribution, and warehousing
No answer
Purchasing of goods and services to meet the needs of the supply chain
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