Supply chain approach: It is an activity that manages the movement of raw materials like services, cash into the organization via factories or warehouses to the end consumers. It also includes organizations that create and deliver products, data and services. It creates trust among their partners. Supply chain management: It contains a wide set of activities like planning, controlling and executing a product’s flow, from obtaining raw materials via distribution to the final consumer in a most efficient and cost-effective way.

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Chapter 11, Problem 14DQ

Program Plan Intro

Supply chain approach:

It is an activity that manages the movement of raw materials like services, cash into the organization via factories or warehouses to the end consumers. It also includes organizations that create and deliver products, data and services. It creates trust among their partners.

Supply chain management:

It contains a wide set of activities like planning, controlling and executing a product’s flow, from obtaining raw materials via distribution to the final consumer in a most efficient and cost-effective way.

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