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Questions and Answers
Explain the difference between supply chain management and logistics.
Supply chain management involves the coordination and integration of processes from raw material sourcing to product delivery, while logistics focuses on the transportation, storage, and distribution of goods.
Why is effective supply chain management important for businesses?
Effective supply chain management can lead to cost savings, improved customer satisfaction, and competitive advantage.
What are some key components of a supply chain?
Key components of a supply chain include suppliers, manufacturers, warehouses, transportation, and retail outlets.
Explain the difference between supply chain management and logistics.
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What are the key components of effective supply chain management?
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How does effective supply chain management contribute to a company's success?
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