The Term "Supply Chain" Is Almost Synonymous with "Value Chain

question 46

True/False

The term "supply chain" is almost synonymous with "value chain," encompassing both inbound and outbound logistics.

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Definitions:

Knowledge Acquisition

The process of obtaining, assimilating, and internalizing new information or skills, often for organizational learning and development.

Intellectual Capital

The intangible value of an organization's knowledge, intellectual property, and employee expertise.

Open Systems

A concept in organizational theory and systems theory that views organizations as entities that interact with their environment, adapting and evolving as a result.

Contingency

The possibility that future events may occur, often dependent on certain conditions or situations, which can influence planning and decision-making.