ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors
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This is still true and has not changed
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Computerization has greatly increased the flow of information from the source
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The “Big Box” stores have developed their own sources
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None of these answers
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Explanation:
Detailed explanation-1: -In logistics material flow goes at first from suppliers to customers (from upstream to downstream) and information and money flow from customers to suppliers (from downstream to upstream). When it is a reverse flow (recycle stream) products however, return to suppliers.
Detailed explanation-2: -Information Flow The type of information that flows between customers and suppliers include quotations, purchase orders, delivery status, invoices, customer complaints and so on. For supply chain to be successful there has to be constant interaction between supplier and Customer.
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