Description
Logistics Management
- Use additional resources such as your textbook, journal articles, or online resources to support your position by rephrasing and paraphrasing that information. Be sure to cite your references in APA style. To directly COPY and PASTE information from any resources is considered plagiarism and is prohibited.
- Write 2 page paper to elaborate your answers for both questions.
- Question attached
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Explanation & Answer
Attached.
Running head: SUPPLY CHAIN MANAGEMENT PROCESSES
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Supply Chain Management Processes
Name
Institutional Affiliation
SUPPLY CHAIN MANAGEMENT PROCESSES
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Supply Chain Management Processes
Supply chain management ensures the steady flow of goods and services through the
transformation process of changing raw materials into finished products. It involves the dynamic
streamlining of business activities to exploit consumers’ worth to achieve a competitive
advantage in the market.
Question 1; Speed in the Supply Chain
Speed determines how fast new products are introduced in the market. With recent digital
developments, customers are increasing expecting shorter delivery times. Therefore, companies
should swiftly retort to fluctuating needs and necessities of the market. Speed is hence vital in
reacting to s...