(Answered) Dq 1- concepts and trends in supply chain managementexplain

Management Studies

DQ 1- Concepts and Trends in Supply Chain Management

Explain the relationship between supply chain management (SCM) and logistics. Identify the differences and similarities. Is one a part of the other? How does one support the other?

Identify the primary flows in a supply chain. Explain why there is flow in both directions and provide examples of each.

Identify at least three trends that impact SCM.

DQ 2- Strategies in Supply Chain Management

Explain the differences between vertical integration and outsourcing. Identify the strategic advantages of each and explain how each position can be used to help supply chain strategy.

Identify ways an organization can move from a "commodity" position to one of a cost and/or value advantage. Is a commodity position always bad and how can organizations differentiate themselves in this position?

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