ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Information technology’s primary role in supply chain management is creating the integrations or tight process and information linkages between functions within a firm-such as marketing, sales, finance, manufacturing, and distribution-and between firms.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -The role of IT in supply chain management is to speed up business processes and prevent bottlenecks. Companies are closer to accomplishing on-time procurement, shorter inventory, and better efficiency, particularly in manufacturing.

Detailed explanation-2: -Supply chain management (SCM) is the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster and more efficiently.

There is 1 question to complete.