BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -There are four kinds of participants in every supply chain. They perform the activities that make a supply chain work and provide a reason for it to exist. These participants are: 1) producers; 2) distributors or wholesalers; 3) retailers; and 4) customers or consumers.

Detailed explanation-2: -Traditional supply chain management is a rigid system focused on product production. Your team sources materials, provides them to a manufacturer to make the product, then sends them to a retailer or other sales channel to be delivered to the customer.

Detailed explanation-3: -A supply chain includes every step that is involved in getting a finished product or service to the customer. The steps may include sourcing raw materials, moving them to production, then transporting the finished products to a distribution center or retail store where they may be delivered to the consumer.

Detailed explanation-4: -Traditional supply chain focuses only on production and provision, whereas Modern (digital) supply chain focuses on the needs of the customers in general, also aims to improve the value of the product delivered to the customer, rather than just focusing on the aspect of distribution.