ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Choosing the best warehouse strategy
|
|
One or two functions working together
|
|
Negotiating with suppliers
|
|
A network of many individual functions
|
Detailed explanation-1: -A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
Detailed explanation-2: -A supply chain is a network of multiple businesses and individuals that are connected through the flow of products or services.
Detailed explanation-3: -A supply chain is a network of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. It is essentially a sequence of linked activities that are required to bring a product or service from its raw material state to the end user.