What are the key tasks in supply-chain management? How does each of these facilitate supply-chain management?
What will be an ideal response?
Supply-chain management involves all entities that facilitate product distribution and benefit from cooperative efforts, including suppliers of raw materials and other components to make goods and services, logistics and transportation firms, communication firms, and other firms that indirectly take part in marketing exchanges. The key tasks involved in supply-chain management include: Operations management: Organizational and system-wide coordination of operations and partnerships to meet customers' product needs. Supply management: Sourcing of necessary resources, goods, and services from suppliers to support all supply-chain members. Logistics management: All activities designed to move the product through the marketing channel to the end user, including warehousing and inventory management.
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What will be an ideal response?
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