ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Benefits of effective supply chain management
|
|
higher profit
|
|
|
greater customer loyality
|
|
|
Shorter lead times
|
|
|
Quality processes
|
|
|
High inventories
|
Explanation:
Detailed explanation-1: -Flexibility during rapid shifts in the market. Ability to Outpace Your Competitors. Quicker replenishment of stock. Meeting deadlines consistently. Increases in cash flow. Change shipping methods. More items
Detailed explanation-2: -The opportunity to carry less stock: a short lead time means you operate with a smaller inventory volume to meet customer demand.
There is 1 question to complete.