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Supply Chain Management (SCM) Involves the Management of Material Flows,information

question 11

Essay

Supply chain management (SCM) involves the management of material flows,information flows and financial flows between and among stages in a supply chain,to maximise total supply chain effectiveness and profitability.What are the five basic components of SCM?


Definitions:

Experience

The knowledge or skill acquired by a person through direct involvement in events or activities over a period of time.

Personal Development

The process of improving oneself through such activities as enhancing employment skills, increasing consciousness, and building wealth.

Supervisor-supervisee Relationship

The dynamic and professional relationship between a supervisor and their supervisee, characterized by guidance, mentorship, and evaluation.

Learning Goals

Specific objectives or targets for learning that guide educational activities and student efforts.

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