Discuss the relationship between supply chain and the supply and demand model.(similarities and diff

Aug 17th, 2016
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Discuss the relationship between supply chain and the supply and demand model.(similarities and differences)

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Answer-----------------Supply Chain ManagementSupply Chain Management literally means what is sayscontrolling the materials, entities,and processes that are involved in producing and delivering goods and services. TraditionalSupply Chain Management is driven by planning and communication--planning futuredemand based on current and past demand, and working continuously to ensure that allstakeholders, whether its an actual manufacturing company or its suppliers, get theinformation they need at the right time and can respond without incurring errors, costoverruns, and delays. While t

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