What is primarily managed within supply chain management?

Study for the IOFM Accounts Payable Specialist Certification Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The primary focus of supply chain management is the network of interconnected businesses. This encompasses the overall system through which goods and services move from suppliers to manufacturers, to distributors, and finally to consumers.

Supply chain management aims to optimize and manage the relationships and processes among all entities involved in the production and delivery of products. This includes coordinating procurement, production, logistics, and distribution to ensure that the right products are delivered to the right locations at the right times. By managing these relationships effectively, businesses can improve efficiency, reduce costs, and enhance customer satisfaction.

While aspects like production line optimization, staff hiring and training, and financial planning do play significant roles in the broader operational context of a company, they are not the central focus of supply chain management. Instead, the emphasis lies in the entire network of interactions and operations that make up the supply chain ecosystem.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy