Firms achieve ________ through efficient procedures and excellent supply chain management.
A)customer excellence
B)locational excellence
C)customer loyalty
D)value-based pricing
E)operational excellence

Question

Quizplus · Accepted Answer

Operational excellence refers to achieving high levels of efficiency and productivity through streamlined procedures and effective supply chain management. This enables firms to reduce costs and improve quality, providing a competitive advantage in the market. Customer excellence, loyalty, and value-based pricing are also important, but they are not necessarily achieved through efficient procedures and supply chain management. Locational excellence refers to having a strategic location that provides easy accessibility to customers or resources.

Firms Achieve ________ Through Efficient Procedures and Excellent Supply Chain