The increased importance of costing activities in the value chain and determining the cost of different suppliers and customers has led to the emergence of
A)OLAP.
B)EDI and supply chain management.
C)CAM.
D)theory of constraints.

Question

Quizplus · Accepted Answer

EDI (Electronic Data Interchange) and supply chain management have become increasingly important in determining the cost of different suppliers and customers in the value chain. These technologies and practices help to streamline the flow of information and products throughout the supply chain, leading to better cost management and more efficient processes. OLAP (Online Analytical Processing) and CAM (Computer-Aided Manufacturing) may also be used in this context, but they are not as directly related to cost calculation and supply chain management as EDI and SCM. The theory of constraints is a broader management philosophy that focuses on identifying and overcoming bottlenecks in the production process to improve efficiency and reduce costs. While it is relevant to cost management, it is not specifically tied to the issue of supplier and customer costing in the value chain.

The Increased Importance of Costing Activities in the Value Chain