Explain the three major flows in a supply chain
They are: product flow, information flow, and financial/cash flow. Product flow is a traditional area of importantance for logistics to acquire, make and distribute finished products in an efficiently and timely manner. You can think of it as the supply chain engine. Information flow is the fuel of the supply chain powering materials and products through the chain from beginning to end. The financial cash flow is the payback for accomplishing the objectives of the supply chain efficiently and effectively.
You might also like to view...
Multi-call sales presentations are common in many areas, but not in the retail field
Indicate whether the statement is true or false
According to the doctrine of imputability, ________
A. a new state coming into existence through decolonization is under no obligation to succeed to the treaties of its former colonial power B. a state is only responsible for actions that are attributable to it C. all persons, including the sovereign, are subordinate to the rule of law D. customary international law is applicable domestically only after it is adopted by legislation, court decision, or local usage
Ellen has been in business for less than 3 months. Because she wants to build the client base, she concentrated primarily on marketing and neglected the operations. Which of the following would be the likely cause of failure?
a. lack of ability b. process inadequacy c. uncertainty d. inattention
According to St. Thomas Aquinas, only laws that followed __________ were true and just
a. reasoned law b. customary law c. eternal law d. localized law