ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Upstream
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Downstream
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Throughout the chain
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None of the above
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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: -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: -What is inventory flow? Inventory flow refers to how a business controls and manages the movement of products through its supply chain. It involves creating a system or set of procedures that are followed to make sure that inventory is physically moved to the next supply chain stage.