The practice of organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from point of origin to point of consumption to satisfy customer requirements is known as

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BlackTom AI · Accepted Answer

Question restatement: The prompt asks for the term that describes the practice of organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from the origin to the point of consumption to satisfy customer requirements.
Option 1: supply chain management. While supply chain management encompasses coordinating and integrating a network of activities, partners, and processes across the entire chain, the definition here emphasizes the actual movement and flow of materials and information to satisfy customer needs, which is more specifically described by logistics management rather than the broader umbrella of the entire supply chain.
Option 2: the inventory management process. This focuses narrowly on managing stock levels, ordering, and storage, not on the end-to-end flow from origin to consumption. It omits broader logistics activities such as transportation and information flow, so it does not capture the full practice described.
Option 3: production management. This concerns planning, directing, and controlling the manufacturing process itself, including scheduling and efficiency within plants. It does not cover the external flow of materials to customers or the integration of information across the supply chain, so it’s not a fit for the full flow described.
Option 4: logistics management. This option centers on planning, implementing, and controlling the efficient and effective forward and reverse flow of goods, services, and related information from origin to consumption to meet customer requirements. It directly matches the essence of organizing the cost-effective movement and related information described in the question.
Option 5: manufacturer distribution logistics. This term could imply logistics activities tied specifically to the manufacturer's distribution network, but it is not a standard, widely accepted overall description of the entire practice requested in the prompt. It narrows the scope to distribution from a manufacturer rather than the complete flow from origin to consumer across the supply chain.
In summary, the description provided aligns best with logistics management because it emphasizes the end-to-end flow and the cost-effective coordination of materials, products, and information to satisfy customer requirements, whereas the other options describe broader or narrower concepts that do not capture the full scope of the described practice.

MKT250002.2025FA POM Chs 15 - 17- Requires Respondus LockDown Browser

The practice of organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from point of origin to point of consumption to satisfy customer requirements is known as

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MKT*2500*02.2025FA POM Chs 15 - 17- Requires Respondus LockDown Browser

The practice of organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from point of origin to point of consumption to satisfy customer requirements is known as

View Explanation

Log in for full answers

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MKT250002.2025FA POM Chs 15 - 17- Requires Respondus LockDown Browser