Final answer:
The statement is true; execution and transaction processing activities in supply chain management are essential for recording and retrieving data and managing physical and monetary flows.
Step-by-step explanation:
The statement is true. The purpose of the execution and transaction processing supply chain activities is indeed to record and retrieve data, and to execute and control physical and monetary flows. These activities are crucial for ensuring the smooth operation of the supply chain, allowing businesses to efficiently manage resources, fulfill customer orders, handle returns, and maintain accurate information for decision-making purposes.
Execution activities involve the actual movement of goods and services from suppliers to customers, as well as the management of the information and financial transactions tied to these physical flows. Transaction processing is the infrastructure that supports these activities by collecting and processing the data associated with sales, returns, payments, and other business events. Accurate transaction processing is essential for supply chain visibility and the ability to respond to changes in demand and supply conditions.