ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
cheap
|
|
|
wrong
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -What exactly is the internal supply chain? Without sounding painstakingly obvious, it refers to the chain of activities within a company, specifically, purchasing, production, sales and distribution.
Detailed explanation-2: -Procurement is the process of getting the goods you need, while supply chain is the infrastructure (extensive, in many cases) needed to get you those goods. Other definitions tend to highlight the fact that procurement’s focus lies with fulfilling business needs while supply chain is focused on the customer.
Detailed explanation-3: -Supply chain management (SCM) is the oversight of materials, information and finances as they move in a process from supplier to manufacturer to wholesaler to retailer and then to the consumer. The three main flows of the supply chain are the product flow, the information flow and the finances flow.