The cost of making and delivering a product to the customer is referred to as
A)supply chain responsiveness.
B)supply chain efficiency.
C)cost-responsiveness efficient frontier.
D)implied uncertainty.

Question

Quizplus · Accepted Answer

Supply chain efficiency refers to the ability of a company to manufacture and deliver products to customers in the most cost-effective way possible. This encompasses all the costs associated with production, such as raw materials, labor, transportation, and logistics. By optimizing their supply chain efficiency, companies can reduce costs and improve profitability while still meeting customer demand.

The Cost of Making and Delivering a Product to the Customer