ENTREPRENEURSHIP

Detailed explanation-1: -Stage 1: Plan Companies must first decide on their operations strategy. Whether to manufacture a product or component or buy it from a supplier is a major decision. Companies must weigh the benefits and disadvantages of different options presented by international supply chains.

Detailed explanation-2: -While any stage of your supply chain can be impacted negatively through the bullwhip effect, its greatest impact tends to be on raw material suppliers. Raw goods providers supply materials to wholesalers and manufacturers, who are responsible for getting products to consumers, retailers, and distributors.

Detailed explanation-3: -Distorted information from one end of a supply chain to the other can lead to tremendous inefficiencies: excessive inventory investment, poor customer service, lost revenues, misguided capacity plans, ineffective transportation, and missed production schedules.