The supply chain (SC) encompasses all activities associated with the flow and transformation of goods from the raw material stage, through to the end user, as well as the associated information flows. The supply chain management (SCM) is the integration of these activities through improved SC relationships, to achieve a sustainable competitive advantage.Answer each of the following questions with clear and meaningful explanation1. “Supply is not profit making; instead, it is profit taking since it spends organizational resources.” Do you agree? Explain your answer with relevant examples (25%)2. “In the long term, the success of any organization depends on its ability to create and maintain a customer.” Do you agree? What does this have to do with purchasing and supply management? (Explain the advantages of SCM on customer satisfaction) (25%)3. Relate the objectives of supply to (1) a company producing automobiles, (2) a large coffee shop chain. Illustrate your answer with examples to each case by referring to real-life examples (50%)Instructions:1. Word count 1,000 to 1,500 words, font size Times New Roman 12, line spacing 1.5, APA referencing style2. Submit in MSWORD format before deadline3. Deadline: 25 November 20214. Reminder: Include a References page and the in-text citations.5. Failure to comply with the above may result in marks deduction.
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