Which of the following statements is true of companies that focus on supply chain management?

Question

Quizplus · Accepted Answer

Companies that focus on supply chain management can reduce their warehousing costs by optimizing inventory levels and improving their transportation logistics, among other strategies. However, it is unlikely that they would report reduced logistical flexibility as this would hamper their ability to respond quickly to changing market conditions. Additionally, companies that prioritize supply chain management typically work closely with their suppliers to build strong relationships and ensure the timely delivery of materials and components, indicating that interactions with suppliers are actually extensive rather than limited. Lastly, while companies may need to invest in new assets or technologies to improve their supply chain performance, it is not necessarily the case that incremental expenditure on company assets would be large or a defining characteristic of supply chain management-focused companies.

Which of the Following Statements Is True of Companies That