Supply chain management:
A) helps to ensure delivery of goods and services to customers of the highest value but increases costs.
B) helps to ensure delivery of goods and services to customers at the lowest costs while providing the highest value.
C) helps to ensure delivery of goods and services to customers at the lowest cost but can comprise quality.
D) increases inventory across the supply chain.

Question

Quizplus · Accepted Answer

Supply chain management aims to balance cost and value, with the goal of delivering goods and services to customers at the lowest cost while still providing the highest value possible. This requires careful coordination of all aspects of the supply chain, from procurement and production to transportation and delivery. The ultimate goal is to meet customer demand in the most cost-effective and efficient manner possible, without compromising quality. Increasing inventory across the supply chain is not a necessary or desirable outcome of effective supply chain management.

Supply Chain Management