Supply chain management
A)helps to ensure delivery of goods and services to customers of the highest value but increases costs.
B)helps to ensure delivery of goods and services to customers of the highest value at the lowest costs.
C)helps to ensure delivery of goods and services to customers at the lowest cost but can comprise quality.
D)increases inventory across the supply chain.

Question

Quizplus · Accepted Answer

The goal of supply chain management is to optimize the flow of goods and services from the point of origin to the point of consumption. This includes minimizing costs while also ensuring the highest value for customers. Therefore, option B is the best choice as it states that supply chain management helps to ensure delivery of goods and services to customers of the highest value at the lowest costs. Option A is incorrect because increasing costs would not be a desired outcome of supply chain management. Option C is incorrect because compromising quality would not help to ensure customer satisfaction. Option D is incorrect because increasing inventory is not necessarily a goal of supply chain management - rather, it is about optimizing the entire supply chain process.

Supply Chain Management