Which of the following best explains 'supply chain perspective'?
A) Contracts are closed based on recognizing interests of key supply chain partners.
B) Contracts are open to any seller in the supply chain.
C) Contracts are closed based upon interests of buyer.
D) Contracts are based on interests of seller only.

Question

Which of the following best explains 'supply chain perspective'? 
A) Contracts are closed based on recognizing interests of key supply chain partners. 
B) Contracts are open to any seller in the supply chain. 
C) Contracts are closed based upon interests of buyer. 
D) Contracts are based on interests of seller only.

Quizplus · Accepted Answer

Supply chain perspective involves considering the interests and needs of all key partners in the supply chain, including suppliers, manufacturers, distributors, and customers. Contracts are closed based on recognizing these interests and working together to achieve mutual benefits. Option B is incorrect because not all sellers in the supply chain may be suitable or capable of meeting the buyer's needs. Option C is incorrect because it only takes into account the interests of the buyer and not the other partners in the supply chain. Option D is incorrect because it only takes into account the interests of the seller without considering the needs of other partners in the supply chain.

Which of the Following Best Explains 'Supply Chain Perspective