A firm or supply chain that is focused on low cost will make fundamentally different choices from those made by a company or supply chain that is focused on flexibility.

Question

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A focus on low cost typically involves choices that prioritize efficiency and standardization, while a focus on flexibility typically involves choices that prioritize agility and responsiveness to changes in demand or supply chain disruptions. These differing priorities can lead to fundamentally different decisions about sourcing, production processes, inventory management, and other aspects of supply chain design and operation.

A Firm or Supply Chain That Is Focused on Low