Supply chain activities cover everything, such as 1. Product develop

Supply chain activities cover everything, such as

1. Product development
2. Sourcing
3. Production
4. Logistics

Select the correct answer using the code given below :

1, 2 and 3 only

2, 3 and 4 only

1 and 4 only

1, 2, 3 and 4

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC SO-Steno – 2018

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Modern supply chain management takes a comprehensive view that includes activities from the initial conception or design of a product to its final delivery and even post-sales service. While traditionally, supply chain focused primarily on sourcing, production, and logistics, the integration of product development (design and engineering) with supply chain considerations (like manufacturability, sourcing options, cost implications) is crucial for optimizing the entire process and ensuring competitive advantage. Therefore, a complete understanding of supply chain activities encompasses product development, sourcing of raw materials/components, production (manufacturing/assembly), and logistics (transportation, warehousing, distribution).

A comprehensive supply chain encompasses the entire flow from concept to consumer, including design, sourcing, production, and logistics.

Supply chain management involves coordinating and integrating these flows both within and among companies. Effective supply chain management aims to improve efficiency, reduce costs, enhance quality, and deliver value to customers. Other activities often considered part of or closely integrated with the supply chain include demand planning, inventory management, quality control, and customer service.

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