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: -Review company goals. Reviewing your company’s revenue and production goals can help you determine inventory levels and daily production output. Perform market research. Forecast consumer demand. Allocate inventory requirements. Fulfill consumer orders. Ensure planning flexibility. 03-Mar-2023
Detailed explanation-2: -The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.
Detailed explanation-3: -Align with Your Overall Business Strategy. Keep Customers Front of Mind. Compare and Contrast with Competitors. Look into the Future. Assemble a team and define your goals. 29-Sept-2022
Detailed explanation-4: -Planning. Plan and manage all resources required to meet customer demand for a company’s product or service. Sourcing. Choose suppliers to provide the goods and services needed to create the product. Manufacturing. Delivery and Logistics. Returning.