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What Is a Supply Chain? How Can Supply Chain Management

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What is a supply chain? How can supply chain management create competitive advantage?


Definitions:

Inductive Reasoning

A method of reasoning in which general conclusions are drawn from specific observations or instances.

Divergent Thinking

An approach or technique adopted to produce innovative ideas through the examination of numerous potential answers.

Convergent Thinking

A cognitive process in which multiple pieces of information are combined to solve a problem or come up with a single, correct solution.

Functional Fixedness

A cognitive bias that limits a person to use an object only in the way it is traditionally used, hindering the ability to see alternative uses.

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