WGU C720 Operations and Supply Chain Management, Exam Review. Graded A+ supply chain

WGU C720 Operations and Supply Chain Management, Exam Review. Graded A+ supply chain encompasses all activities associated with the flow and transfer of goods and services, from raw material extraction through use by the final consumer. Logistics refers to the movement of supplies and materials through the supply chain. reverse logistics. When it is necessary to return defective products to the manufacturer for repair or replacement, the process is known as reuse and recycle materials. Reverse logistics includes efforts to backward vertical integration. One way to promote coordination is for a company to own its suppliers. This is called forward vertical integration. At the other end of the supply chain, a company can own the distribution systems and retail outlets that sell their products; this is Agile Members of such a supply chain are selected based upon their speed and flexibility, and their capacity to transmit information reliably, accurately, and quickly from the marketplace to supply chain members. assess in great detail the needs of its customers so it can provide customized products that better meet the customer's' expectations. An agile supply chain attempts to Lean Members are chosen based upon their ability to keep costs down and minimize inventory in the system. lean supply chain What type of supply chain would be used her