Final answer:
The term used to describe obtaining the right product from the right source, for the right price, in the right amount, at the right time is known as supply chain management.
Step-by-step explanation:
The term used to describe obtaining the right product from the right source, for the right price, in the right amount, at the right time is known as supply chain management. It involves the coordination and management of all the processes involved in the production, distribution, and delivery of goods and services.
In supply chain management, the goal is to ensure that products are sourced from reliable and efficient suppliers, at the best possible price, and are delivered in the right quantity and at the right time to meet customer demands. This requires effective planning, collaboration, and optimization of the entire supply chain network.