L'Oréal's supplier network is crucial to its success and it treats suppliers as respected partners.This illustrates the importance of an efficient ________.
A) business portfolio
B) low-cost operator
C) product mix
D) value delivery network
E) value chain

Question

Quizplus · Accepted Answer

L'Oréal's success in treating its suppliers as respected partners highlights the importance of an efficient value delivery network. A value delivery network refers to the set of firms and individuals that collaborate to create value for a customer or end user. It involves not only the company itself, but also suppliers, distributors, and other partners. By treating suppliers as respected partners, L'Oréal is recognizing the importance of collaboration across the value delivery network to create value for customers.

L'Oréal's Supplier Network Is Crucial to Its Success and It