When a company works with its supplier to reduce material-handling costs, this is an example of

Question

Quizplus · Accepted Answer

Total value chain or supply chain analysis involves working with suppliers to reduce costs and improve efficiency across the entire supply chain. This can include reducing material-handling costs, among other things. It is a key success factor for many companies and is part of a strategic marketing focus on delivering value to customers. It is not a conflict of interest because both the company and the supplier are working together towards a common goal.

When a Company Works with Its Supplier to Reduce Material-Handling