The increased importance of costing our activities in the value chain and determining the cost of different suppliers and customers has led to the emergence of
A) OLAP.
B) EDI and supply chain management.
C) CAM.
D) theory of constraints.

Question

Quizplus · Accepted Answer

The increased importance of costing our activities in the value chain and determining the cost of different suppliers and customers has led to the emergence of EDI (Electronic Data Interchange) and supply chain management. EDI allows for the electronic exchange of information between different organizations, improving supply chain efficiency and visibility. Supply chain management helps to optimize the flow of goods and services, reducing costs and improving customer satisfaction. Both of these tools are important in managing costs and improving operational efficiency in the value chain.OLAP (Online Analytical Processing) is a data analysis tool, CAM (Computer-Aided Manufacturing) is a system for managing manufacturing processes, and theory of constraints is a management philosophy for identifying and managing bottlenecks in production processes. While each of these may be helpful in certain contexts, they are not directly related to the management of costs and suppliers/customers in the value chain.

The Increased Importance of Costing Our Activities in the Value