The supply chain allows the planning, organization and control of the activities of the supply chain. This activity implies the management of monetary uses of products and services.

SUPPLY CHAIN MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	TRUE
B	FALSE
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -Which statement is true about supply chain management? Enables supply chain managers to respond quickly to sudden changes in supple or demand. Companies that focus on supply chain management commonly report: Lower warehousing costs.

Detailed explanation-2: -Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities.

Detailed explanation-3: -Logistics management is the part of supply chain management that plans, implements, and controls the efficient, effective forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer’s requirements.

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT