- a) Define the following terms;
(ii) Logistics Management
(iii) Supply Chain Management
(iv) World Class Supply Management
(v) Value Chain
2. Effective supply chain management aims at realization of business profitability and growth. Demonstrate how a business can achieve these at the following points of the supply chain management system;
3. Supply chain management has undergone tremendous changes in the evolutionary process. Highlight five (5) drives for changes in the supply chain management concept.
4. With the help of a matrix, indicate the circumstances under which the four(4) categories of risk management strategies in supply chain management are applicable.