ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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(choose 3 answers) What are the 3 biggest benefits of effective Supply Chain management?
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Effective product cost reduction
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Shorten delivery time from manufacturer to customer
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Raw material transformation
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Risk reduction
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Explanation:
Detailed explanation-1: -Increased Customer Satisfaction. Customer satisfaction is one of a facility’s primary objectives, particularly in ecommerce. Effective Inventory Management. Improved Quality Control. Lower Costs. Optimized Distribution. Improved Labor Optimization. 16-Aug-2022
Detailed explanation-2: -SCRM helps businesses assess the risk of working with different vendors and suppliers and take steps to mitigate potential issues. This can lead to improved relationships with suppliers, as well as better communication and coordination in the supply chain.
Detailed explanation-3: -Supply chain design (Strategy) Supply chain management decision (Planning) Operational level (Operation)
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