ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A critical outcome of the supply chain is to deliver
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profits
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the right product to the right place
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cost/value
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on management’s expectations
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Explanation:
Detailed explanation-1: -The critical outcomes of the supply chain are to deliver the right product, at the right time, in the right quantity and quality, at the right cost, and to the right destination. Transportation plays an important role in making these “rights” happen.
Detailed explanation-2: -Supply chain planning can help streamline operations, enhance efficiency, avoid delays and bring down operating costs. Done right, planning can reduce costs associated with several processes, including purchasing, production, inventory management and logistics.
Detailed explanation-3: -Inventory management is a strategy that ensures businesses always have the right amount of inventory at the right time and in the right place.
There is 1 question to complete.