Q: Which one of the following Supply Chain Management functionalities helps companies generate planned orders such as purchase, transfer, and production orders?
-
A
Procurement and sourcing
-
B
Inventory management
-
C
Master planning
-
D
Warehouse management
C
Answer:
C
Explanation:
❌Option A: Procurement and sourcing: Procurement and sourcing covers all the steps from identifying a need for product and services through procuring the product, receipt, invoicing, and processing of payment with vendors.
❌Option B: Inventory management: You can use Inventory management to perform Inbound operations, Quality assurance, Inventory activities, Outbound operations, and Inventory control.
✔️Option C: Master planning: Master planning generates planned orders such as purchase, transfer, and production orders.
❌Option D: Warehouse management: Warehouse management lets you manage warehouse processes in manufacturing, distribution, and retail companies. This module has a wide range of features to support the warehouse facility at an optimal level, at any time.
Related Topic:
Share Above MCQ