What is supply-chain management? List the activities involved in it.
What will be an ideal response?
Supply-chain management refers to the coordination of all the activities involved with the flow and transformation of supplies, products, and information throughout the supply chain to the ultimate consumer. It integrates the functions of operations management, logistics management, supply management, and marketing channel management so that products are produced and distributed in the right quantities, to the right locations, and at the right times. It includes activities like manufacturing, research, sales, advertising, and shipping. 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.
You might also like to view...
______ is a sense of peace and understanding that we experience when we stop blaming others for perceived wrongs.
A. Trust B. Forgiveness C. Honesty D. Interpersonal perception
Which of the following controls is not a typical control that affects multiple assertions for long-lived assets?
a. Reviewing insurance policies for adequate replacement coverage of assets. b. Formal budgeting process with appropriate follow-up variance analysis. c. Periodic comparison of physical assets to subsidiary records with the general ledger. d. Periodic reconciliations of subsidiary records with the general ledger.
The future value of a cash flow is always larger than the present value of that cash flow
Indicate whether the statement is true or false
Changing a problem culture
A. means eliminating unhealthy or dysfunctional traits as fast as possible. B. takes less time than changing a healthy culture. C. is always a short-term exercise. D. is usually easier than it is to instill a strategy-supportive culture from scratch in a brand-new organization. E. requires a determined effort by a limited number of employees.