Final answer:
The Supply Chain Concept is characterized by its reliance on computerization and having evolved from the Physical Distribution concept, with influences from technology and globalization, which facilitate the splitting up of the value chain and require attention to labor rights. The correct answer is option 4) developed from the previous Physical Distribution concept.
Step-by-step explanation:
The Supply Chain Concept is not very new and is not considered cutting edge technology; rather, it is highly dependent on computerization and has developed from the previous Physical Distribution concept. In fact, supply chain management has been significantly influenced by two major shifts: the advancement of technology and globalization.
These shifts have increased competition and allowed businesses to order and supply products globally, thanks to developments in communications technology and the internet. As markets have become more interconnected globally, supply chains have adapted to specialize parts of their production, known as splitting up the value chain.
This specialization, enabled by technology and transportation improvements, allows for greater efficiency and innovation within different stages of the production process. In addition, supply chain management now necessitates greater attention to labor rights and policies at both international and national levels.