ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CEOs view SCM initiatives as being primarily focused on cost reduction
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Corporate executives are already well aware of supply chain management. CEO’s view SCM as being primarily focused on cost reduction. An example of time-based strategy is the trade offs between transportation, inventory, and warehousing. Decision making is a part of the Cycle Time Reduction Strategy.
Detailed explanation-2: -A supply chain manager is tasked with controlling and reducing costs and avoiding supply shortages.
Detailed explanation-3: -Which of these statements is true regarding using data to manage costs in the supply chain? Firms use data to identify the costs and benefits associated with each choice of supply chain partners.
There is 1 question to complete.