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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- Explain how the fourth P in marketing (place) has evolved to be labeled supply chain management.Define supply chain integration and organizational efficiency Relation supply chain integration and organizational efficiency Apply of technology in supply chain (Digital supply chain)Distinguish between a single sourcing approach and amultiple sourcing approach.
- What are the different elements of supply chain that forms the supply chain network of Outlook IndiaDetermine,, 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?Explain why is top management commitment necessary for successful supply chain management ?
