ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The fundamental objective of supply chain management is ____
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supply goods
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create goods
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add value
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None of the above
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Explanation:
Detailed explanation-1: -The primary objectives of Supply Chain Management are to ensure efficient and cost-effective production, timely delivery of products and services, effective inventory management, collaborative relationships between suppliers and customers, flexibility, and responsiveness to changes in demand.
Detailed explanation-2: -Supply chain management has five key elements-planning, sourcing raw materials, manufacturing, delivery, and returns.
There is 1 question to complete.