ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one is correct
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High responsiveness low cost
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Low responsiveness low cost
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High responsiveness high cost
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Low responsiveness high cost
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Explanation:
Detailed explanation-1: -What is supply chain responsiveness? Supply chain responsiveness refers to the ability to react quickly to sudden changes in the environment that affect your logistics processes.
Detailed explanation-2: -The cost responsiveness frontier is a graph, or visual representation, of the trade-off between efficiency and responsiveness. The graph shows cost on the x-axis and responsiveness on the y-axis. The graphical curve, which is called the efficient frontier, represents the cost and response time for different strategies.
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