ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Converting raw materials and other procured items into final products that can be delivered to a customer is handled by which function:
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Service operations
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Warehousing
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Manufacturing
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Accounting
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Explanation:
Detailed explanation-1: -Supply chain management (SCM) is oversight and control of all the activities required for a company to convert raw materials into finished products that are then sold to end-users.
Detailed explanation-2: -The above statement is true. Supply chain is a network that starts from raw material provider, who is a supplier for the company. Then those raw materials are converted into final goods by the company and in the end final goods are delivered to the final targeted customer through sales persons employed by the company.
Detailed explanation-3: -Manufacturing is the process of turning raw materials or parts into finished goods using tools, human labor, machinery, and chemical processing.
There is 1 question to complete.