Cost-efficient management of a company's overall value chain activities requires that management:
A) ferret out cost-saving opportunities in every part of the value chain.
B) undertake an operations functionality redesign.
C) establish sales productivity and operating practices guidelines.
D) re-create rivals' assembly plant structuration savings.
E) All of these.

Question

Quizplus · Accepted Answer

Cost-efficient management of a company's overall value chain activities requires that management ferret out cost-saving opportunities in every part of the value chain. This means that management should continuously look for ways to reduce costs and optimize processes in all areas of the value chain, from procurement to production to distribution and marketing. While undertaking an operations functionality redesign or establishing sales productivity and operating practices guidelines may be part of this process, the primary focus should be on identifying cost-saving opportunities across the value chain. Re-creating rivals' assembly plant structuration savings may not be relevant or applicable to every company.

Cost-Efficient Management of a Company's Overall Value Chain Activities Requires