Which of the following statements is true of supply chain oriented firms?

Question

Quizplus · Accepted Answer

Supply chain oriented firms are willing to accept short-term risks on behalf of others in order to achieve long-term benefits for the entire supply chain. This includes investing in technologies, processes, and relationships that may not have an immediate return on investment but are necessary for improving efficiency and reducing costs throughout the supply chain. This approach requires strong partnerships and collaboration with suppliers, customers, and other stakeholders. Supply chain oriented firms are often better off financially in the long run due to increased efficiency and reduced costs.

Which of the Following Statements Is True of Supply Chain