Question: Information Flows: Select the 2 correct paragraphs. Select 2 correct answer(s) ) Inward Flows (1) Information from within the organization, including statements of need for
Information Flows: Select the 2 correct paragraphs. Select 2 correct answer(s) ) Inward Flows (1) Information from within the organization, including statements of need for materials and services, is sent to supply. (2) Information from external sources is sent to supply. This may come from suppliers (e.g., prices, and deliveries) or from other sources (e.g., general market conditions and import duties Outward Flows (1) Information from within supply is received from others within the organization. This includes supplier pricing, market conditions, and supply forecasts for cash flow budgeting. (2) Information, such as requests for quotes or proposals, is received from external sources (e.g., suppliers). Supply must be able to effectively manage information flows involving both internal and external partners in the supply chain. Information systems enable the efficient flow of information and support effective decision making. Inward Flows (1) Information from within the organization, including statements of need for materials and services, is sent to supply. (2) Information to internal sources is sent to the vendors. This may come from suppliers (e.g., prices, and deliveries) or from other sources (e.g., general market conditions and import duties).Outward Flows (1) Information from within supply is sent to others within the organization. This includes supplier pricing, market conditions, and supply forecasts forash flow budgeting. (2) Information, such as requests for quotes or proposals, is sent from supply to external sources (e.g., suppliers). Supply must be able to effectively manage information flows involving both internal and external partners in the supply chain. Information systems enable the efficient flow of information and support effective decision making.
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