ENTREPRENEURSHIP

Detailed explanation-1: -Supply Chains-‐ Two or more parties linked by a flow of resources – typically material, information, and money – that ultimately fulfill a customer request. Four Primary Cycles: Customer Order Cycle, Replenishment Cycle, Manufacturing Cycle, and Procurement Cycle.

Detailed explanation-2: -There are three types of main flows that happen in any supply chains: flow of materials/goods, flow of money/cash, and flow of information. There is a forward flow of materials/goods for the regular flow that happens all the way from higher tier suppliers (upstream) to the end-consumer (downstream).

Detailed explanation-3: -"Supply Chain Cash Flow” is defined as the schedule of payments due to your supplier vs the schedule of payments received from your customers or other revenue sources.

Detailed explanation-4: -In all organizations, supply chain has many parties: suppliers’ suppliers, suppliers, manufacturers, wholesalers, retailers, customers and customers’ customers. Usually each supplier delivers different raw materials and supplies to customer company.