ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The stages goods and services go through from their source to the end consumer
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The process of transporting a product from one location to another
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The process of getting a good or service from a warehouse to the end customer
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None of the above
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Detailed explanation-1: -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-2: -What is a supply chain? A supply chain is the effort and resources that contribute to the delivery of goods and services from a supplier to an end user. This could include people, organisations, systems, activities, information and resources. Supply chain and market analysis go hand in hand.
Detailed explanation-3: -Supply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply management.