What are the typical stages of the supply chain management process?

The stages of the supply chain management process are often characterized by a set of key functions that guide the flow of goods and services from suppliers to customers. The correct choice outlines the typical stages as planning, sourcing, manufacturing, delivery, and returning.

Planning is the first stage, where organizations develop strategies to manage their resources efficiently to meet customer demand. This is followed by sourcing, which involves selecting suppliers to provide the goods and services needed. In the manufacturing stage, the actual production of goods takes place, converting raw materials into finished products. Delivery refers to the distribution of these products to customers, ensuring they reach their intended destinations in a timely manner. Finally, returning addresses the processes associated with managing the return of products, which includes handling defective items, excess inventory, or unwanted goods.

This structured approach is fundamental in supply chain management, facilitating a streamlined process that balances customer satisfaction with operational efficiency. Other options do not accurately reflect the comprehensive framework recognized in supply chain management, as they incorporate elements that either pertain to marketing and sales or do not cover all critical areas from sourcing to returns effectively.