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: -As Thomas Insights reports, the “Upstream” in a supply chain includes all activities related to the organization’s suppliers: those parties that source raw material inputs to send to the manufacturer.
Detailed explanation-2: -The supply chain is often divided into two parts: upstream and downstream. Upstream supply chain is the process of getting materials to the manufacturer, while downstream supply chain is the process of getting products from the manufacturer to the end consumer.
Detailed explanation-3: -False. The upstream portion is made up of the company’s suppliers. The downstream portion is for distributing and delivering to customers. Safety stock acts as an inexpensive buffer for the lack of flexibility in the supply chain.