ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a top reason why executives use SCM to manage extended enterprises?
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Increase costs
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Cost control
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Productivity reduction
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Process cycle time increments
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Explanation:
Detailed explanation-1: -In business, supply chain management allows manufacturers to make as many products as needed to meet market demand. It helps retailers reduce excess inventory and lower the cost of storing products.
Detailed explanation-2: -Better collaboration with suppliers. Better quality control. Shipping optimisation. Reduced inventory and overhead costs. Improved risk mitigation. Stronger cash flow. A more agile business. Better visibility and data analytics. 26-Jan-2022
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