Chapter 9, Problem 5DQ

Explanation of Solution

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 (SCM):

• Supply Chain Management is defined as design, planning, implementation and combination of all supply chain process.
• Supply chain management might help the customers, partners, distributors. suppliers have an organized system by which they could communicate with each other and can access the necessary data...