ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
supply chain management
|
|
|
distribution
|
|
|
intellectual property
|
|
|
channels of distribution
|
Detailed explanation-1: -Supply chain management refers to the coordination of activities and involved in making and moving a product. The supply chain is the network of businesses and business processes involved the creation and selling of a product, from suppliers that procure raw materials through retail outlets and customers.
Detailed explanation-2: -A company’s supply chain involves the flow of materials and information from suppliers, through production, to the end users. In supply chain organizations, functions must operate independently of each other. In purchasing, one’s only ethical obligation is to one’s suppliers.
Detailed explanation-3: -A direct distribution channel allows consumers to buy and receive goods directly from the manufacturer. An indirect channel moves products from the manufacturer through various intermediaries for delivery to the consumer.