SUPPLY CHAIN MANAGEMENT IS THE COORDINATION AND MANAGEMENT

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Define supply chain management in your own words.
2. Explain the concept of value-enhancing benefits by giving THREE examples of benefits that
may be realized by a firm that successfully manages its supply chain.
3.
Explain the difference between logistics and supply chain management.
4.
List three concepts used by supply chain managers in an attempt to make a firm more
flexible and responsive to customers’ changing needs:
ESSAY QUESTIONS (8–10 sentences)

Bailey
2
1.
Discuss the differences between supply chain partnerships of the past and those that have
developed today.

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