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:

The Middle-Ages

A period in European history from the fall of the Roman Empire in the West (5th century) to the start of the Renaissance (14th-15th century).

George Simmel

A German sociologist and philosopher known for his analyses of modern urban life, social structures, and the philosophy of money.

Macro-Level

Analysis or perspectives that focus on large-scale systems, structures, or processes within societies or organizations.

German Philosophers

Intellectuals from Germany who have contributed significantly to philosophy with their works on metaphysics, ethics, logic, and social theory.