Question

Key activities of supply management include negotiations, logistics, contract development and administration, inventory control and management, and supplier management.

a. True
b. False

Answer 1

The answer is true.

Supply management is one of the pillars of marketing. Supply management includes logistics, acquiring and managing resources either goods or services which are needed to run the organization.
The main goals of the supply management are:

- Control costs
- Efficient allocation of resources
- Gathering sufficient information to be used in strategic business decisions.