ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The middle stage of the supply chain management flow is called ____
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Manufacture
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Raw Materials
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Product Bridge
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Suppliers
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Explanation:
Detailed explanation-1: -Stage 2: Source This aspect of supply chain management involves organizing the procurement of raw materials and components. Procurement is the acquisition of goods and services at the best possible price, in the right quantity and at the right time.
Detailed explanation-2: -Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.
Detailed explanation-3: -The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.
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