ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which way does information flow through the supply chain
A
Upstream
B
Downstream
C
Both ways
D
None of the above
Explanation: 

Detailed explanation-1: -Information flow is the flow of information from supplier to customer and from customer back to supplier. This flow is bi-directional, that is, it goes both direction in the supply chain.

Detailed explanation-2: -Product flow – the movement of goods from the supplier to the consumer along with returns and other service requirements. Information flow – transmitting orders and updating the status of delivery. Finances flow – includes payment schedules, credit terms, consignment, and also title ownership arrangements.

There is 1 question to complete.