ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Supply chain management has five key elements-planning, sourcing raw materials, manufacturing, delivery, and returns. The planning phase refers to developing an overall strategy for the supply chain, while the other four elements specialize in the key requirements for executing that plan.
Detailed explanation-2: -Which statement is true about supply chain management? Enables supply chain managers to respond quickly to sudden changes in supple or demand. Companies that focus on supply chain management commonly report: Lower warehousing costs.
Detailed explanation-3: -Continuous Flow. This is one of the most traditional models on the list. Fast chain. The fast chain model is one of the new names in supply chain strategies. Efficient Chain. Agile. Custom-configured. Flexible. 10-May-2022
Detailed explanation-4: -INTEGRATION. Integration starts at your strategic planning phase and is critical throughout your communications and information sharing and data analysis and storage. OPERATIONS. PURCHASING. DISTRIBUTION.