2) What is the main objective of a supply chain? A) Minimizing supply chain transportation costs B) Minimizing lead times C) Maximizing overall value generated D) Maximizing on-time delivery E) None of the above
2) What is the main objective of a supply chain? A) Minimizing supply chain transportation costs B) Minimizing lead times C) Maximizing overall value generated D) Maximizing on-time delivery E) None of the above
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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2) What is the main objective of a supply chain? A) Minimizing supply chain transportation costs B) Minimizing lead times C) Maximizing overall value generated D) Maximizing on-time delivery E) None of the above
Expert Solution
Step 1: Indroduction
A supply chain's primary goal is to maximize the total value produced. Value creation for the business and its clients is the ultimate objective of an efficient supply chain, even while lead times, transportation costs, and on-time delivery are all crucial elements. Efficiency, cost-effectiveness, quality, customer satisfaction, and other elements that affect the business's success can all be used to quantify this value.
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