Final answer:
True. Supply management encompasses the entire process of managing the flow of goods and services, from planning to delivery.
Step-by-step explanation:
Supply management is a broader concept than purchasing. True. Supply management encompasses the entire process of managing the flow of goods and services, from planning to delivery.
Supply management encompasses the entire process of managing the flow of goods and services, from the initial planning and sourcing to the final delivery to customers. It involves various activities such as demand forecasting, inventory management, supplier selection, and logistics.
On the other hand, purchasing refers specifically to the act of buying goods or services from suppliers. While purchasing is a component of supply management, it is only one part of the broader process.