BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In a typical supply chain finance arrangement, a financial institution provides lower financing costs to a supplier, based on the credit rating of the buyer, which is typically better. Supply chain finance provides buyers with flexibility, such as options for early payment discounts or to lengthen payment cycles.

Detailed explanation-2: -At the most fundamental level, supply chain management (SCM) is management of the flow of goods, data, and finances related to a product or service, from the procurement of raw materials to the delivery of the product at its final destination.

Detailed explanation-3: -Expert-Verified Answer The network formed for the production and distribution of products to final buyers between companies and their suppliers is known as the supply chain. Hence, logistics is an activity happening within the supply chain and thus, a subset of the supply chain.