Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

[ Related to the Economics in Practice ] A supply chain is a specific order of steps taken by a company to get its product

[Related to the Economics in Practice] A supply chain is a specific order of steps taken by a company to get its product or service to the public. Supply chain management involves managing the flows of goods and services by linking production, shipment, an distribution. Two of the primary goals for businesses using supply chain management are to streamline costs and increase the speed of getting products to consumers. Each year, Gartner, a global research firm, publishes its "Supply Chain Top 25," identifying th that it believes best demonstrate leadership in applying supply chain management to drive business results. The four companies in the 2018 "Master's" category, which identifies companies with sustained leadership for the past 10 years, are Apple, Procter & Ga Amazon, and McDonald's Which of the following describe the types of supply chain practices these companies utilize? (Check all that apply.) A. Top supply chain companies like these are careful to use quality sourcing of materials. B. These companies focus on efficient inventory management. C. They avoid real-time adjustments to the supply chain and take a more deliberate approach. D. They embrace new technology throughout the supply chain to lower transaction costs. The supply chain practices these companies utilize have resulted in their production being responsive, causing v in efficiency v in competitiveness, and v in profitability

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Project Management

Authors: James P. Lewis

3rd Edition

0814408796, 978-0814408797

More Books

Students also viewed these General Management questions

Question

LO2 Describe the various purposes of performance appraisals.

Answered: 1 week ago