- 3 Marks
Question
b. List and explain briefly the THREE supply chain management flows. (3 Marks)
Answer
- Product Flow: Involves the movement of goods from suppliers to customers, including returns, repairs, and services. It ensures that products are efficiently delivered to meet customer demand.
- Information Flow: Refers to the exchange of data and information related to orders, deliveries, and inventory status between all parties involved in the supply chain. This flow helps to optimize decision-making and coordination across the supply chain.
- Financial Flow: Deals with the movement of money, credit terms, and payment schedules between buyers and sellers. It includes the financial transactions required for purchasing materials, goods, or services.
- Tags: Financial Flow, Information Flow, Product Flow, Supply Chain Management
- Level: Level 1
- Topic: Decision-making techniques
- Series: MAY 2024
- Uploader: Dotse