ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The management of flows between and among supply chain to maximize total supply chain profitability
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Maxmizing supply chain value
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Correlated to supply chain profitability
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Supply chain success should be measured by total supply chain profitability
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Detailed explanation-1: -SCM involves the flow of information and products between and among supply chain stages to maximize profitability. The major functions involved in SCM are the procurement of raw materials, product development, marketing, operations, distribution, finance, and customer services. Customers are an integral part of SCM.
Detailed explanation-2: -As from the course, the Supply chain management is the management of the information flows between and among activities in a supply chain to maximize total supply chain effectiveness and profitability and that means that all the steps should followed in a proper manner in order to deliver a better products or services.
Detailed explanation-3: -OPTIMIZE COMPANY-OWNED INVENTORY. Check the quantity of the company-owned inventory. IMPROVE DISTRIBUTION NETWORK. MAKE A SUPPLY CHAIN COUNCIL. EMBRACE TECHNOLOGY. BUILD HEALTHY SUPPLIER RELATIONSHIPS. REVIEW PROCEDURES REGULARLY. ESTABLISH GREEN INITIATIVES.