Question
Which one of the f ollowing macro proce sses Linvolve s sup ply chain parties in the upstr eam? Customer Relationship Management Supplier Chain Consolidation A closed-loop Supply Chain Supplier Relationship Managem ent (SRM)
Answer
3.9
(316 Votes)
Thea
Master · Tutor for 5 years
Answer
D
Explanation
The question refers to what involves supply chain entities in the upstream. Upstream in business refers to a company's activities involved in obtaining raw materials, dealing with suppliers, etc. Within the context of the supply chain, the "upstream" refers essentially to the suppliers. 1. 'Customer Relationship Management' could be deemed as downstream because these processes coordinate interaction with customers.2. 'Supplier Chain Consolidation' is seen more as a logistics strategy than an individual macro process.3. 'A closed-loop Supply Chain' refers more to the recycling and reduction of waste to promote sustainability throughout the entire supply chain process.4. 'Supplier Relationship Management (SRM)' is concerned with the effective management and correlation of enterprises with the suppliers of goods, raw materials, resources etc, hence this is upstream and the right option.