Cost analysis provides little benefit in supply management activities such as negotiation,pricing,forecasting and alliance development.

Question

Quizplus · Accepted Answer

Cost analysis is a critical tool in supply management activities as it helps in understanding the cost structure of suppliers, negotiating better prices, forecasting future costs, and developing alliances. A thorough cost analysis identifies cost-saving opportunities and helps in making informed decisions in supply chain management.

Cost Analysis Provides Little Benefit in Supply Management Activities Such