EBK CONTEMPORARY MARKETING
18th Edition
ISBN: 9780357158951
Author: Kurtz
Publisher: VST
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Question
Chapter 15.7, Problem 1LO
Summary Introduction
To discuss: The methods to accomplish the priorities of a supply chain.
Supply chain refers to the complete system of suppliers and the activities which contributes to the delivery and creation of services and goods.
Expert Solution & Answer
Explanation of Solution
The methods to accomplish the priorities of a supply chain are as follows:
- Firms can reduce its cost and can improve the customer satisfaction.
- In house research helps the firm to accomplish the supply chain
- They should select the intermediaries carefully for the supply chain
- Firm should predict the demand and supply and then plan accordingly
- Firms should be more predictable so that the can reduce the chances of being out of stock and unexpected losses.
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