Which of the following is an advantage of supply chain management to companies?
a. Reduced operational flexibility
b. Improved customer service
c. Reduced interactions between companies and their suppliers
d. Increased ability to perform in isolation
ANSWER: b
Companies that focus on supply chain management report lower inventory, transportation, warehousing, and packaging costs; greater supply chain flexibility; improved customer service; and higher revenues.
You might also like to view...
Liquidity means having enough funds on hand to pay debts when they fall due
Indicate whether the statement is true or false
Depreciation Expense-Buildings is a temporary account
Indicate whether the statement is true or false
When merchandise inventory is shown on the balance sheet, both the method of determining the cost of the inventory and the method of valuing the inventory should be shown
Indicate whether the statement is true or false
Safety stock levels for each product is what type of customer service performance measure?
a. Non-transaction b. Transaction c. Pre-transaction d. Post-transaction