Grand Trunk Inc.,a furniture manufacturing company,does not manufacture furniture until an order is received.It coordinates and integrates the activities of its suppliers,designers and carpenters to ensure an efficient production cycle.This enables Grand Trunk Inc.to deliver the products to customers within five working days.This is an example of _____.

Question

Quizplus · Accepted Answer

This scenario describes a supply chain management approach, where Grand Trunk Inc. coordinates and integrates the activities of its suppliers, designers, and carpenters to ensure efficient production and delivery of products to customers. The company's focus is on optimizing the entire supply chain to meet customer demands while minimizing costs and inventory. Customer service management and yield management may also play a role in the company's operations, but they are not the primary focus in this scenario. Asset lifecycle management is not relevant to this example as the company does not manufacture furniture until an order is received.