Cost-efficient management of a company's overall value chain activities requires that management
A) ferret out cost-saving opportunities in every part of the value chain.
B) undertake an operations functionality redesign.
C) establish sales productivity and operating practices guidelines.
D) re-create rivals' assembly plant structuration savings.
E) pursue a differentiation strategy that can be easily copied.

Question

Quizplus · Accepted Answer

Cost-efficient management of a company's overall value chain activities requires that management ferret out cost-saving opportunities in every part of the value chain. This involves identifying where costs can be reduced or eliminated throughout the entire value chain, from raw materials sourcing to the final delivery of products to customers. By identifying these opportunities, companies can optimize their value chain and achieve cost savings that can be reinvested in other areas of the business.

Cost-Efficient Management of a Company's Overall Value Chain Activities Requires