Define the following terms. Supply base Reciprocity Strategic sourcing
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Define the following terms.
- Supply base
- Reciprocity
- Strategic sourcing
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- Ecplain a supply chain and supply chain management. How do supply chain management systems coordinate planning, production, and logistics among supply chain partners.Explain how the fourth P in marketing (place) has evolved to be labeled supply chain management.What is thedifference between a supply chain orientation and supply chain management?
- Determine,, How do supply chain visibility platforms serve as integral components within lead supply chain management, facilitating real-time data aggregation, predictive analytics, and collaborative insights across multifaceted supply chain networks, thereby enhancing decision-making processes, risk mitigation strategies, and operational responsiveness to dynamic market demands and disruptions?1.Explain the basic concepts of supply chain management 2.Describe the types of risks supply chains face and ways to mitigate themExplain the following based on Supply Chain Management:1. Direct Distribution2. Indirect Distribution3. Wholesaler4. Retailer5. Omni-Channel
