Reflections on Creating Value in the Supply Chain[WLOs: 1, 3] [CLOs: 2, 5]

Read and reflect on Chapter 1 and the two articles, 9 Charts Show the Highs and Lows of Supply Chains in Q1Links to an external site., and Creating Real Value for Your CustomersLinks to an external site..

Answer the following questions:

• What is supply chain management?
• What observations do you have on supply chain management and its relationship to different businesses?
  • Refer to the article 9 Charts Show the Highs and Lows of Supply Chains in Q1
• How does your organization or one you are familiar with define and create value?
• Why is it important to focus on value creation versus simply solutions and service?
  • For these two questions, refer to the article Creating Real Value for Your Customers.

Respond to each question in a single page.