Question: 1. Overall, why is supply chain management important? How does it serve the economy? Give me an example.(each100words) 2. Sketch a linear supply chain diagram

1. Overall, why is supply chain management important? How does it serve the economy? Give me an example.(each100words) 2. Sketch a linear supply chain diagram and identify where exactly the procurement process would start. Also, explain the idea of supply and demand in the context of supply chain management. 3. Explain the importance of the manufacturing phase. How can metrics be established and why is it needed? 4. What are the company resources in the production environment? How can a production supervisor (or manager) manage his/her resources for the best outcome? 5. What is procurement? Why is it important from a supply chain perspective? 6. What is sourcing? Why is it important in procurement? 7. How would you explain the procurement cycle? Explain in details the process from start to finish

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