ENTREPRENEURSHIP

Detailed explanation-1: -The modern-day supply chain works on two types of operations: Centralized and Decentralized distribution models. A central authority is responsible for decision-making in a centralized organization, whereas independent units can make their own decisions in a decentralized structure.

Detailed explanation-2: -Centralized warehousing is when a company elects to have all inventory in a single warehouse or a few major hubs that cover a large region. Decentralized warehousing is the opposite–a company elects to have small amounts of inventory spread across many different warehouses.

Detailed explanation-3: -Centralization and decentralization refer to the degree of concentration or dispersion of your distribution facilities, such as warehouses, distribution centers, or cross-docks. A centralized network has fewer and larger facilities, while a decentralized network has more and smaller facilities.