Three Major Challenges Exist When Setting Supply Objectives and Strategies

question 23

Multiple Choice

Three major challenges exist when setting supply objectives and strategies:

• A)effectively interpreting corporate and supply objectives,selecting appropriate actions to achieve objectives,and integrating supply information into organizational strategies.
• B)identifying internal stakeholders,building consensus among these stakeholders,and selling top management on the results.
• C)adopting efficient electronic transaction systems,designing effective strategic supply processes,and increasing internal compliance with both.
• D)hiring professionals educated specifically in supply management,providing them with technical expertise,and developing leadership skills for the long-term.
• E)emphasizing strategic cost management,involving key suppliers early in the process,and measuring the reduction in total cost of ownership.

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Definitions:

Time-Sensitive

Pertains to tasks, information, or situations that require prompt action or completion within a specified period.

Network

A system where multiple computers, devices, or entities are connected to share data and resources.

Administered

describes the act of giving or applying a treatment, medication, or procedure to a patient.

Procedures

Established or official ways of doing something, often detailed in a series of steps or a set protocol, especially in professional settings.