A modern firm has two supply chain considerations - external links with suppliers and customers, and an internal network of flows to and between the operations function itself.

Question

Quizplus · Accepted Answer

This statement is true. A modern firm must consider both its external supply chain links with suppliers and customers, as well as the internal network of flows between its operational functions. Internal supply chain management is just as important as external management in ensuring operational efficiency, cost-effectiveness, and customer satisfaction.

A Modern Firm Has Two Supply Chain Considerations - External