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QUESTION 5 How are NAICS codes useful to supply chain management? Guarantees company success Search for...

QUESTION 5

  1. How are NAICS codes useful to supply chain management?

    Guarantees company success

    Search for employees

    Search for competitors and suppliers

    NAICS codes are an accounting thing and not very useful to supply chain managers
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Answer #1

North American Industry Classification System (NAICS) is something used for statistical data related to US economy. This system was basically designed for statistics.

Supply chain management is the gap between right from the production of a product to the sale of the product. The management of the activities during this period is called supply chain management.

So the correct option would be (d) NAICS codes are accounting thing not very useful to supply chain managers. Because literally NAICS is something for accounting purpose and it do not have to do anything much for supply chain management.

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