Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.
A) management
B) simplification
C) competition
D) collaboration

Question

Quizplus · Accepted Answer

Supply chain competition refers to a firm's ability to gain a competitive advantage through superior supply chain management practices. By optimizing processes, reducing costs, and improving efficiency, a company can differentiate their products or prices and gain an advantage over competitors. Supply chain management (choice A), simplification (choice B), and collaboration (choice D) may all be important aspects of successful supply chain management, but they do not specifically refer to differentiating a firm's products or prices.

Supply Chain ________ Refers to Differentiating a Firm's Products or Prices