What Can Effective and Efficient Supply Chain Management Systems Enable

question 45

Multiple Choice

What can effective and efficient supply chain management systems enable an organization to accomplish?

• A) Increase the power of its buyers
• B) Increase its supplier power
• C) Increase switching costs to increase the threat of substitute products or services
• D) All of these

---

Definitions:

Arbitration

A method of dispute resolution where an impartial third party makes a decision to resolve the conflict, often used as an alternative to litigation.

Binding Decision

A definitive ruling or judgment, usually from a court or tribunal, that is legally required to be followed.

Third Party

An entity or individual that is involved in a transaction or agreement but is not one of the principal parties, often providing services or mediation.

Courts

Judicial institutions where legal disputes are heard, decided upon, and resolved based on law.