ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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order
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logistics
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stock
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supply chain
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Detailed explanation-1: -A supply chain is a network of companies and people that are involved in the production and delivery of a product or service. The components of a supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers.
Detailed explanation-2: -Original sourcing or extraction of raw materials. Refining or manufacturing materials into basic parts. Assembling basic parts into finished products. Selling finished products to end users.
Detailed explanation-3: -Quick definition: A supply chain is the sequence of processes involved in producing and distributing a commodity. Key takeaways: A supply chain is a series of processes that ensures merchants have products in the right place, at the right time, and in the right quantities.