2k Suppliers and the supply chain

Question 1

what is the supply chain?

Answer 1

A supply chain is the network of individuals or businesses that are involved in producing and distributing a good or service to customers.
E.g. - cow – butcher – coles – customers

Question 2

what are suppliers?

Answer 2

Suppliers are individuals or businesses that provide the resources required to produce goods and services.

Question 3

what are inputs?

Answer 3

Inputs are the raw materials or other resources used by a business to produce goods and services.

Question 4

What are outputs?

Answer 4

Outputs are the final goods and services provided to customers.

Question 5

what are retailers?

Answer 5

Retailers are businesses that purchase goods from a wholesaler and resell them to customers.

Question 6

what are wholesalers?

Answer 6

Wholesalers are businesses that store and distribute manufactured goods to retailers.

Question 7

what are 5 sourcing considerations?

Answer 7

Time
Shipping costs
CSR
Access to resources
Legal regulations

Question 8

What are 5 retrieving considerations?

Answer 8

Road
Air
Rail
Sea