Procurement and supply chain management can contribute to improving the company's bottom line in which of the following ways?
A) Quantitative only.
B) Qualitative only.
C) Both quantitative and qualitative.
D) Neither quantitative nor qualitative.

Question

Procurement and supply chain management can contribute to improving the company's bottom line in which of the following ways? 
A) Quantitative only. 
B) Qualitative only. 
C) Both quantitative and qualitative. 
D) Neither quantitative nor qualitative.

Quizplus · Accepted Answer

Procurement and supply chain management can contribute to improving the company's bottom line in both quantitative and qualitative ways. Quantitatively, effective procurement and supply chain management can lead to cost savings, increased efficiency, and better inventory management, all of which can directly contribute to the bottom line. Qualitatively, these practices can also lead to improved supplier relationships, more reliable delivery schedules, and better quality control, which can indirectly improve the bottom line by increasing customer satisfaction and loyalty.

Procurement and Supply Chain Management Can Contribute to Improving the Company's