what can societal stakeholders expect from firms in terms of supply chain management? for example, can a firm be responsible for the behavior of its suppliers that are three steps removed from the initial order?

Respuesta :

In terms of supply chain management, societal stakeholders anticipate the following from businesses: They want the product to be supplied instantly, on time, and without delay; They want the product delivery should not go over the predetermined deadlines.

The network of all the people, businesses, resources, tasks, activities, and technological advancements involved in the production and distribution of a good is known as a supply chain. A supply chain includes every step of the process, from the transfer of raw materials from the supplier to the producer to the final distribution to the customer. The technique of coordinating the many tasks required to create and distribute goods and services to a company's clients is known as supply chain management. A stakeholder is someone who has an interest in a firm and who can have an impact on or be impacted by the performance and operations of that company. Investors, staff members, clients, suppliers, residents, governing bodies, or trade associations are examples of typical stakeholders. Any person, group, or party with an interest in a company and the results of its actions is considered a stakeholder in the business world.

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