3 Questions
Why is it important to consider supply chain management?
To manage the flow of information, materials, and services from suppliers to customers
Where can up to 25% of total costs lie?
Outside of operations, specifically in the supply chain, including distribution
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
Discover the importance of supply chain management in this quiz. Understand why focusing solely on internal operations may not be enough, as up to 25% of total costs can be related to the supply chain, specifically distribution. Learn about the total system approach to managing the flow of information, materials, and services, and how it can lead to higher efficiency and cost savings.
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