ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not one of the three main links in the supply chain?
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Materials flow from suppliers and their “downstream” suppliers at all levels
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Transformation of materials into semifinished and finished products-the organization’s own production processes
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Distribution of products to customers and their “downstream” customers at all levels
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None of the above
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Explanation:
Detailed explanation-1: -The five basic components of supply chain management are Plan, Source, Make, Deliver and Return. Hence, “cost” is not one of the five basic components of supply chain management.
Detailed explanation-2: -The three main flows of the supply chain are the product flow, the information flow and the finances flow. These occur across three main stages: strategy, planning and operation. SCM involves coordinating and integrating these flows both within and among companies.
Detailed explanation-3: -Examples of supply chain activities can include designing, farming, manufacturing, packaging, or transporting.
There is 1 question to complete.