Which of the following best describes the goal of supply chain management?
A)to maximize retailers' profits by reducing costs while satisfying service levels that their customers require
B)minimizing system wide costs while satisfying the service levels (product availability)that customers desire
C)reducing costs by allocating merchandise
D)maximizing retailers' profits by reducing system wide costs,while achieving the highest service level (product availability)
E)minimizing system wide costs,while achieving the highest service level (product availability)

Question

Quizplus · Accepted Answer

Supply chain management is geared to minimize systemwide costs,which might result in maximizing retailers' profit.However,maximizing retailer's profits does not necessary mean the minimization of systemwide costs.Achieving the highest service level is not desirable for all retailers because it is very costly.Allocating merchandise is a function of the planning merchandise team.

Which of the Following Best Describes the Goal of Supply