A key element that supports supply chain strategy is:
A) Supply chain network design
B) Customization
C) Vertical integration
D) Sustainability
E) None of the above

Question

Quizplus · Accepted Answer

Supply chain network design is a key element of supply chain strategy as it involves the determination of the optimal way to organize and manage resources, processes, and activities to effectively and efficiently meet customer demands while minimizing costs. It involves decisions regarding the number and location of facilities, modes of transportation, inventory policies, and supplier selection, all of which play a crucial role in determining the performance and competitiveness of a supply chain. Customization, vertical integration, and sustainability are important factors that can enhance the effectiveness of the supply chain network design, but they are not sufficient on their own to define the entire supply chain strategy.

A Key Element That Supports Supply Chain Strategy Is