Going from data to information to intelligence is like a funnel. Explain what that means
Data are simply facts or recorded measures of certain phenomena (things or events). Information is data formatted (structured) to support decision making or define the relationship between two facts. Business intelligence is the subset of data and information that actually has some explanatory power enabling effective decisions to be made. So there is more data than information and business intelligence.
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Which of the following sequences is in the correct order for product moving through the supply chain?
A. Customer - retailer - supplier B. Distributor - manufacturer - retailer C. First tier supplier - second tier supplier - third tier supplier D. Manufacturer - retailer - customer
________ is the planning, organizing, and coordinating of all the activities related to purchasing goods and services needed to accomplish the organization's mission
Fill in the blank(s) with correct word