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Questions and Answers
Why is it important to consider supply chain management?
Why is it important to consider supply chain management?
- To ignore the impact of distribution on total costs
- To focus solely on internal operations for cost efficiency
- To reduce the speed of delivery and increase costs
- To manage the flow of information, materials, and services from suppliers to customers (correct)
Where can up to 25% of total costs lie?
Where can up to 25% of total costs lie?
- In research and development activities
- Outside of operations, specifically in the supply chain, including distribution (correct)
- In marketing and advertising expenses
- Within internal operations, such as production and quality control
What are the benefits of applying a total system approach to supply chain management?
What are the benefits of applying a total system approach to supply chain management?
- Higher speed in delivery, higher dependability, better flexibility, and lower costs (correct)
- Only impact on cost without affecting other factors
- No impact on delivery speed, dependability, and flexibility
- Decreased speed in delivery, decreased dependability, reduced flexibility, and higher costs
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