Question :
(a) Describe what you understand by supply chain management.
(b) An important decision facing most purchasing managers is whether to source each individual product or service from a single-sourcing or multi-sourcing (Slack, Chambers, and Johnston, 2001:419). Discuss why single-sourcing has become more attractive to companies.
(c) Show the following supply chain strategies:
(i) Vertical integration
(ii) Keiretsu networks
(iii) Virtual companies