Figure 1: Simple Supply Chain
1. Figure 1 above shows about simple supply chain. The chain consist of â€œOâ€, manufacturer, distributors, retailers and â€œSâ€.
(a) O and S above among the important element in supply chain.
(i) Label O and S correctly.
(ii) Explain what kind of activity happens in O?
(b) Supply chain management plays a vital role in addressing the growing complexity of today’s global supply chains. Explain TWO (2) benefits of supply chain management?
(c) It is important and essential to understand the three levels of supply chain management. Elaborate how strategic planning can satisfy element â€œSâ€ above.
(d) It plays a vital role in addressing the growing complexity of todayâ€™s global supply chains. Describe the significant of supply chain management in business.
(e) The pressures on supply chains are considerably greater, necessitating a well-thought-out strategy. Discuss FOUR (4) common challenges that were identified in supply chain management.