ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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getting the best value for the money spent
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U.S. firms competing in the global arena
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the importance of cost and value at the very end of the supply chain
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product variety
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Detailed explanation-1: -Cost reduction is among the most cited objectives in supply chain management. Additionally, if costs are to be reduced, companies increasingly turn their attention to their supply chain partners, so both suppliers and customers reach out for new frontiers of competitiveness and profitability.
Detailed explanation-2: -Total supply chain management cost is the sum of the costs associated with the processes to plan, source, deliver, and return (explicitly excluding make).
Detailed explanation-3: -The end goal of a value chain is to create a competitive advantage for a company by increasing productivity while keeping costs reasonable. The value-chain theory analyzes a firm’s five primary activities and four support activities.