ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Products arrive exactly when needed
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Labour productivity will reduce
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Efficiency will be minimised
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Staff motivation will increase
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Detailed explanation-1: -With an automated, cost-effective logistics system, a company can implement major strategic changes and improve operational efficiency. It also improves scalability, reduces manual errors, and provides a proactive approach to customer satisfaction.
Detailed explanation-2: -The role of logistics in business is managing all aspects of a company’s operations, from sales through production and distribution. The goal is to maximize profits while minimizing costs. A logistics manager must be able to forecast demand, develop strategies for efficient delivery, and ensure quality control.
Detailed explanation-3: -Improving cost-efficiency. Maintaining proper inventory levels. Decreasing labour costs. Increasing sales. Infiltrating new markets. Enhancing differentiations. Establishing competitive advantage. Increasing shareholder value. 30-Apr-2021