ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The main objective of ____ is defined as the right products in the right place at the right time at the right cost and in the right condition.
|
|
Purchaising
|
|
|
Logistics
|
|
|
Supply management
|
|
|
Supply chain
|
Explanation:
Detailed explanation-1: -Right product A well-designed product can significantly facilitate logistics when they ensure a specific level of standardization. Such products will make packaging, warehousing and transport much easier. For example, IKEA’s products are designed to be able to ship in flat-packs to get more items in each load.
Detailed explanation-2: -The logistics strategy comprises three objectives (i) cost reduction, (ii) capital reduction, and (iii) service improvement. The cost reduction strategy is aimed at reducing the variable cost related to the movement and storage of goods.
There is 1 question to complete.