BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The close co-operation of all parties involved in the making, selling, and delivering ofa product
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Network of stores that supply customers with a wide variety of products
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Either A or B
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None of the above
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Detailed explanation-1: -In all organizations, supply chain has many parties: suppliers’ suppliers, suppliers, manufacturers, wholesalers, retailers, customers and customers’ customers. Usually each supplier delivers different raw materials and supplies to customer company.
Detailed explanation-2: -Supply Chain Cooperative Relationship means aligning the activities of two or more organizations in the supply chain to coordinate the supply of goods or services, creating a competitive advantage through improved service or efficiency improvements [1] .
Detailed explanation-3: -Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.
Detailed explanation-4: -A supply chain consists of all parties and functions involved, directly or indirectly, in fulfilling a customer request. The supply chain includes not only the manufacturer and suppliers, but also transporters, warehouses, retailers, and customers themselves.