Select one that is NOT correct about Supply Chain.

It includes functions and activities of forecasting, purchasing, inventory management, information management, quality assurance, scheduling, production, distribution, delivery, and customer service.

It is referred to as value chains.

It includes facilities of warehouses, factories, processing centers, distribution centers, retail outlets, and offices.

It is the sequence of producing and delivering a product or service from raw materials to the final customers.

It refers to a supply system for a chain business, which is comprised of a group of stores that possess the same brand name, adhere to the same corporate policies, sell the same products, and are all owned by the same parent company.