BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Detailed explanation-1: -Supply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply management.
Detailed explanation-2: -Which statement is true about supply chain management? Enables supply chain managers to respond quickly to sudden changes in supple or demand. Companies that focus on supply chain management commonly report: Lower warehousing costs.
Detailed explanation-3: -An information management system is one of the few elements of supply chain that can offer both improved performance and lower cost. It enables companies to maintain key information in an accessible format and helps to take operational and planning decisions.
Detailed explanation-4: -Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.