Which of these statements about recent trends in operations and supply chain management is BEST?
A)A lower level of competition exists thanks to an increased level of globalization.
B)The rate of change in markets is actually lower than 10-15 years ago once inflation is factored in.
C)More companies are putting an emphasis on relationship management.
D)Customers demand increased standardization in goods and services.

Question

Quizplus · Accepted Answer

The other options are not accurate representations of recent trends in operations and supply chain management. A is incorrect as globalization has actually increased competition by allowing companies to enter new markets. B is incorrect as the rate of change in markets has accelerated with technological advancements. D is incorrect as customers are demanding more customization and personalization in goods and services. However, there has been an increased emphasis on relationship management in recent years, as companies recognize the importance of strong partnerships with suppliers and customers.

Which of These Statements About Recent Trends in Operations and Supply