Question

100%- Correct 4 pts Question 1 1. When somebody asks you about your major, how would you explain and describe the following a What does a Supply Chain professional do and what are the areas where he/she can work? b.The difference between Logistics and Supply Chain c.How does the Supply Chain function contribute to the corporation results? HTML Editore BIVA -A- IEE311*X, SEE DOBNV G O TT 12pt - Paragraph 1) a. 2 words

Answer 1

Answer 1a=

The main task of a supply chain manager is to work closely with the external partners in order to obtain the parts, equipment and raw materials which are required in the production process in the organization, create and maintain the proper inventory of these items and selling the finished products to the customers. Apart from this, the supply chain professionals are also involved in the appraisal and negotiation of vendors for different contracts.

A supply chain professional can operate in the following 7 different areas=

Purchasing,

Manufacturing,

Inventory Management,

Demand Planning,

Warehousing,

Transportation,

and Customer Service.

Answer 1b=

Logistics	Supply Chain
It mainly deals with the optimization of the flow of material within and outside of the organization	It mainly deals in combining the different partners of the value chain
It provides a guideline for the flow of information and product in the entire business	It provides guidelines to have a better linkage between suppliers, organization, and customers
The main focus remains on transportation and distribution	The main focus is on purchasing, procurement of the material, production planning, demand forecast from supplier to customers.

Answer 1c=

As the major fun of any organization remains blocked in the inventories which can be of raw material, equipment or finished products, the company has to make sure that it must have the optimal quantity of inventory and at the same time, there must be proper availability of the materials so that production does not get hampered. In all the above-stated situationss, the role of the supply chain becomes quite significant as it has the task of managing the inventory of various resources, ensuring proper production of the products and finally making the products available to the customer. All these actions play a vital role in the overall profitability of the corporate.

KINDLY RATE THE ANSWER AS THUMBS UP. THANKS A LOT.