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ITM Final Exam Questions & Answers 2024/2025

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ITM Final Exam Questions & Answers 2024/2025 value chain - ANSWERSa series (chain) of activities that an organization performs to transform inputs to outputs supply chain - ANSWERSkey value chain in a manufacturing organization Supply change management - ANSWERShas all activities required to get right product in right consumer's hands, right quantity at right time and right cost primary activities - ANSWERSinbound logistics, operations, outbound logistics, sales and marketing, service support activities - ANSWERSIT (technology infrastructure), HR (human resources), A&F (accounting and finance) Procurement (with supplier) physical flow - ANSWERShow supply chain is linked, supplies and raw materials information flow - ANSWERSsupply chain is linked, participants communicate plans, coordinate work, and manage efficient flow of goods and material IS role in supply chain process - ANSWERSProvide input, Aid product transformation, Produce output Innovation - ANSWERSapplication of new ideas to products, processes, and activities of a firm, leading to increased value Types of innovation - ANSWERSSustaining and disruptive

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