Final answer:
Supply chain management involves the advancement of technology, transportation methods and vehicles, as well as policies for emergency preparedness.
Step-by-step explanation:
Supply chain management involves several key components:
- Advancement of technology: Technology plays a crucial role in improving the efficiency and effectiveness of purchasing and supply chain management. For example, the use of automated systems and data analytics can help optimize inventory management and streamline the procurement process.
- Transportation methods and vehicles: The choice of transportation methods and vehicles can impact the speed, cost, and reliability of supply chain operations. Companies must consider factors such as distance, mode of transportation, and infrastructure when making logistical decisions.
- Policies and emergency preparedness: Having robust policies and strategies in place is essential to ensure the smooth functioning of supply chains during national emergencies or disruptions. This includes having contingency plans, diversifying suppliers, and establishing alternative distribution channels.