ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning
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Procurement
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Establishing supply chain
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None of the above
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Detailed explanation-1: -What is supply chain collaboration? Supply chain collaboration is about coordinating with internal departments and external partners to sustain an optimized flow through the supply chain in order to efficiently meet demand and ensure on-time, in-full delivery.
Detailed explanation-2: -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.
Detailed explanation-3: -Planning. This involves creating strategic plans to manage all resources needed for getting your product or service to the customers. Developing. During this stage, you choose suppliers of raw materials that you need for your product or service. Making. Delivering. Returning.