What is extended enterprise concept?

Extended enterprise is the concept that a company does not operate in isolation because its success is dependent upon a network of partner relationships.

What is extended supply chain?

For example, what is an extended supply chain? The word “extended,” by most definitions, means to broaden further in meaning, scope, or influence, or to go beyond. Translated literally, management of an “extended supply chain,“ extends the management scope beyond the business processes covering the supply chain.

What is extended enterprise risk management?

Extended enterprise risk management (EERM) is the practice of anticipating and managing exposures associated with third parties across the organisation’s full range of operations as well as optimising the value delivered by the third-party ecosystem.

What is an extended organization approach?

An extended organizational form is emerging in which firms relinquish control and turn to monitoring instead. The advantages that such organizations offer appear to be clear greater flexibility and efficiency at lower costs.

How is supply chain management different from logistics?

The basic difference between Logistics and Supply Chain Management is that Logistics management is the process of integration and maintenance (flow and storage) of goods in an organization whereas Supply Chain Management is the coordination and management (movement) of supply chains of an organization.

What is the purpose of the extended value chain?

A company conducts a value-chain analysis by evaluating the detailed procedures involved in each step of its business. The purpose of a value-chain analysis is to increase production efficiency so that a company can deliver maximum value for the least possible cost.

What are the two major types of supply chains?

Types of Supply Chain Management (SCM) Systems Depending on the functions the supply chain management systems perform, they are classified into two categories, namely, supply chain planning systems, and supply chain execution systems.

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