Which of the following terminologies is the least related to supply management?

Supply Chain Management is a broader concept that encompasses the overall flow of goods, information, and finances as products move from supplier to manufacturer to wholesaler to retailer to consumer. While it includes various activities such as sourcing, procurement, and purchasing, it is not exclusively focused on the specific tasks and responsibilities associated directly with supply management.

Sourcing refers specifically to the process of selecting suppliers, which is a key component of supply management. Procurement involves the acquisition of goods and services, making it highly relevant to supply management activities. Purchasing, often considered synonymous with procurement, deals with the transactional aspect of acquiring goods. All of these terms are integral parts of supply management.

In contrast, Supply Chain Management serves a broader purpose, involving the strategic coordination of business functions and operations to deliver maximum value to customers. Therefore, it is the least related term when specifically talking about the immediate tasks and responsibilities within supply management.