Question

Match these supply chain issues with their description.

A: Inventory management

B: Demand forecasting

C: Supplier relationship

D: Distribution logistics

i. Optimizing the flow of products from manufacturer to consumer.

ii. Estimating the quantity of a product that customers will purchase.

iii. Managing the stock of finished goods.

iv. Establishing strong connections with vendors for timely supply.

Answer 1

Supply chain issues such as inventory management, demand forecasting, supplier relationships, and distribution logistics are matched with their descriptions, outlining the importance of these elements in the efficient movement of products.

Step-by-step explanation:

The task involves matching supply chain issues with their proper descriptions. Here are the matched pairs:

• A: Inventory management corresponds to iii. Managing the stock of finished goods.
• B: Demand forecasting matches with ii. Estimating the quantity of a product that customers will purchase.
• C: Supplier relationship aligns with iv. Establishing strong connections with vendors for timely supply.
• D: Distribution logistics is associated with i. Optimizing the flow of products from manufacturer to consumer.

Understanding these components is crucial for a well-functioning supply chain, which ensures that products move efficiently from production to consumption, catering to the market's demands, while maintaining good relations with suppliers.