Asked by Kasongo Alain on Jun 28, 2024
Verified
The manufacturer and supplier participate in the
A) procurement cycle.
B) replenishment cycle.
C) manufacturing cycle.
D) life cycle.
Procurement Cycle
The complete process of sourcing, acquiring, and paying for goods and services a company needs for its operations.
Manufacturer
A person or company that makes goods for sale, often in a large-scale operation involving machinery.
Supplier
An entity that provides goods or services to another entity, typically within the context of a supply chain or production process.
- Understand the roles and relationships between manufacturers, suppliers, customers, and retailers within the supply chain.
- Recognize the macro processes within a supply chain: CRM, SRM, and ISCM.
Verified Answer
Learning Objectives
- Understand the roles and relationships between manufacturers, suppliers, customers, and retailers within the supply chain.
- Recognize the macro processes within a supply chain: CRM, SRM, and ISCM.
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