Which of the following is the goal of supply chain management?
A)To reduce the risk of disasters caused by human error,deliberate destruction,and building or equipment failures
B)To introduce emergency preparedness and response in development programs for disaster-prone regions
C)To acquire accurate,consistent,detailed,and up-to-date financial data at the end of an accounting period
D)To reduce the overall investment in inventory,decrease costs,and improve customer service

Question

Quizplus · Accepted Answer

Supply chain management aims to reduce the overall investment in inventory, decrease costs, and improve customer service. It involves managing the flow of goods and services from the point of origin to the point of consumption, including procurement, production, transportation, warehousing, and distribution. The goal is to create a seamless and efficient network that delivers the right products to the right place at the right time, while minimizing waste and maximizing profitability. While A and B are important considerations for disaster management, they are not the primary goal of supply chain management. Choice C refers to financial management, which is a different function than supply chain management.

Which of the Following Is the Goal of Supply Chain