ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which way does information flow through the supply chain
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Upstream
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Downstream
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Both ways
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None of the above
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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.
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