Final answer:
Supply chain management has a significant impact on financial performance.
Step-by-step explanation:
The statement that supply chain management has little impact on financial performance and is primarily a marketing and management concept is False.
Supply chain management plays a crucial role in improving the financial performance of a company. It involves the coordination and optimization of all activities involved in the flow of goods and services, from the sourcing of raw materials to the delivery of the final product to the customer.
An efficient supply chain can lead to lower costs, reduced inventories, improved customer satisfaction, and increased profitability. For example, by streamlining the supply chain, a company can minimize inventory holding costs and avoid stockouts, which can result in lost sales and dissatisfied customers.