ENTREPRENEURIAL PLANNING
OPERATIONS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements is TRUE regarding flow in the supply chain?
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Product, cash, reverse supply chain, and information all move downstream.
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Product, cash, and reverse supply chain move upstream; information moves downstream
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Products move upstream, cash and reverse supply chains move downstream, while information moves in both directions.
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Products move downstream, cash and reverse supply chains move upstream, and information moves both ways.
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Explanation:
Detailed explanation-1: -There are Five major flows in any supply chain : product flow, financial flow, information flow, value flow & risk flow. The product flow includes the movement of goods from a supplier to a customer, as well as any customer returns or service needs.
Detailed explanation-2: -There are three types of main flows that happen in any supply chains: flow of materials/goods, flow of money/cash, and flow of information. There is a forward flow of materials/goods for the regular flow that happens all the way from higher tier suppliers (upstream) to the end-consumer (downstream).
There is 1 question to complete.