Beyond the value chain,managers can work with other parties in the supply chain to add value and reduce costs.

Question

Quizplus · Accepted Answer

Yes, managers can collaborate with suppliers, distributors, and other partners in the supply chain to improve efficiency and reduce costs for all parties involved. This approach is known as supply chain management and it seeks to optimize the flow of goods, information, and finances across the entire network of companies involved in bringing a product or service to market. By working together and sharing resources and expertise, supply chain partners can create mutual value and gain a competitive advantage in the marketplace.

Beyond the Value Chain,managers Can Work with Other Parties in the Supply