Which of the following statements is true of an efficient supply chain? a. It works efficiently even when demand for goods and services is unpredictable. b. It is designed for efficiency and low cost by minimizing inventory and maximizing efficiencies in process flow. c. It has the ability to respond to market changes faster than a responsive supply chain. d. It is supported by information technology that provides real-time, accurate information to managers across the supply chain.

Question

Hahn

Business

25 January, 04:58

Which of the following statements is true of an efficient supply chain? a. It works efficiently even when demand for goods and services is unpredictable. b. It is designed for efficiency and low cost by minimizing inventory and maximizing efficiencies in process flow. c. It has the ability to respond to market changes faster than a responsive supply chain. d. It is supported by information technology that provides real-time, accurate information to managers across the supply chain.

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Answers (1)

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Coffey · Answer 1

The correct answer is letter "B": It is designed for efficiency and low cost by minimizing inventory and maximizing efficiencies in process flow.

Explanation:

Efficient supply chains aim to produce high-quality products by reducing manufacturing costs to maximize revenues. As part of the improvement, efficiency relies on reducing the waste of the production process or shipping the goods earlier than planned.