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

Question

Quizplus · Accepted Answer

Supply chain-oriented firms are better off in the long run financially because they prioritize collaboration and cooperation with their partners, which leads to improved efficiency, cost savings, and better service to customers. They also have a better understanding of the interdependencies within the supply chain, allowing them to mitigate risks and respond quickly to changes in demand or supply. Top managers often support these efforts, recognizing the value of a strong supply chain for achieving business goals. They also balance short-term and long-term risks to ensure sustainable success.

Which of the Following Statements Is True of Supply Chain-Oriented