Question

Is ​The universally accepted definition of supply chain management is "the management and integration of the parties involved in producing the end items coveted by consumers."

Answer 1

False

Step-by-step explanation:

The above definition does not represent the universal definition of supply chain management.

There's no universally accepted definition of supply chain management.

One definition is;

Supply chain management is the management of how goods and services flow alongside all processes that transform raw materials into final products

Another definition is:

Supply chain management, the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Answer 2

The statement is: False.

Step-by-step explanation:

Supply Chain Management (SCM) refers to the network of activities companies establish to produce a good and deliver the finished output to end-consumers. The process involves obtaining the materials from suppliers, transforming those materials into final-goods, distributing the products to wholesalers who can offer the goods to the open public.

The SCM lacks a universal definition, therefore the management and integration of the parties involved in producing the end items coveted by consumers could be accepted as another alternative description of what the SCM is.