The primary goal of an efficient supply chain is to supply demand at the ______ cost, whereas the primary goal of a responsive supply chain is to __________ to the demand.
A)Highest; Respond slowly.
B)Lowest; Respond quickly.
C)Average; Not respond.
D)None of the above.

Question

Quizplus · Accepted Answer

The primary goal of an efficient supply chain is to supply demand at the lowest cost, whereas the primary goal of a responsive supply chain is to respond quickly to the demand. Similarly, the pricing strategy on an efficient supply chain should be lower margins because price is a prime customer driver, whereas a responsive supply chain should have higher margins because price is not a prime customer driver.

The Primary Goal of an Efficient Supply Chain Is to Supply