The cost of making and delivering a product to the customer is referred to as
A) supply chain responsiveness.
B) supply chain efficiency.
C) cost-responsiveness efficient frontier.
D) implied uncertainty.
E) none of the above

Question

Quizplus · Accepted Answer

Supply chain efficiency refers to the cost-effective and timely delivery of products to customers. It encompasses all the costs involved in production, transportation, storage, and distribution of goods. Therefore, the cost of making and delivering a product is a part of supply chain efficiency. A is incorrect because responsiveness refers to the ability of a supply chain to quickly adapt to changes in demand, supply, or customer preferences. C is incorrect because the cost-responsiveness efficient frontier is a concept that shows the tradeoff between cost and responsiveness in a supply chain. D is incorrect because implied uncertainty is a term used in financial markets and has no relation to supply chain costs.

The Cost of Making and Delivering a Product to the Customer