Final answer:
Supply chain management encompasses resource management critical for achieving strategic objectives, including in the military sector for strategic superiority. It greatly influences global economic and social landscapes by affecting the movement of products, money, and people.
Step-by-step explanation:
The concept described by the Institute for Supply Management involves the comprehensive process known as supply chain management.
This process includes the identification, acquisition, access, positioning, and management of resources—encompassing materials, information, and finances—as they move from supplier to manufacturer to wholesaler to retailer to consumer. It forms the backbone of any organization seeking to meet its strategic objectives efficiently.
In the context of the military sector, the strategic planning and management of resources also play a pivotal role. However, their focus sometimes shifts towards ensuring strategic superiority during conflict situations. This is often reflected in the competition for global resources, to maintain control over essential materials and capabilities through military force or strategic positions.
The impact of supply chain management extends further into geographical implications, as detailed in the essence of WG.12A. The creation, distribution, and management of key natural resources directly affect the patterns of movement for products, money, and people, influencing economic and social landscapes globally.