ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Improve the visibility of a product/service across infrastructure and IT.
|
|
|
Improve customer service levels.
|
|
|
Reduce the end-to-end cost of the supply chain.
|
|
|
Flexibility for business strategy and future growth.
|
|
|
Customer loyalty only through price reduction.
|
Detailed explanation-1: -A supply chain strategy involves decisions regarding the sourcing of materials, production, distribution, and delivery of goods and services. It is a critical component of any business, as it can have a major impact on the cost, quality, and speed of delivery of products and services.
Detailed explanation-2: -Place buffers along the supply chain. Strategically placing buffers can help organizations absorb the impact of unexpected delays. Diversify your manufacturing and sourcing network. Invest in demand forecasting. Standardize your processes.
Detailed explanation-3: -Demand-driven supply chain strategy. A demand-driven supply chain focuses on meeting demand from the consumer. Agile supply chain strategy. Collaborative supply chain strategy. 21-Jan-2022