ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Supply chain management is a narrow concept than logistics management.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Supply chain management is a narrow concept than logistics management. FALSE.

Detailed explanation-2: -Logistics management is a small portion of Supply Chain Management which combines the flow of goods, services, information and capital right from raw material to its final consumer.

Detailed explanation-3: -Key differences between SCM and logistics include: Logistics focus on the efficient and cost-effective delivery of goods to the customer. Supply chain management controls the development of raw materials into finished goods that move from the supplier to producer to warehouse to retailers and/or consumers.

There is 1 question to complete.