When all the different stages of a supply chain work toward the objective of maximizing total supply chain profitability,rather than each stage devoting itself to its own profitability without considering total supply chain profit,it is known as
A)supply chain coordination.
B)forecasting.
C)aggregate planning.
D)revenue management.

Question

Quizplus · Accepted Answer

Supply chain coordination is the practice of aligning the activities of different parties in a supply chain towards mutual goals, such as maximizing total supply chain profitability. This approach differs from traditional supply chain management, where each stage seeks to optimize its own performance without necessarily considering the performance of other stages. By coordinating the activities of all stages in the supply chain, companies can reduce waste, increase efficiency, and improve overall profitability. Forecasting, aggregate planning, and revenue management are all important components of supply chain management, but they are not interchangeable with supply chain coordination.

When All the Different Stages of a Supply Chain Work