The Objective of a Firm in a Responsive Supply Chain

question 55

Multiple Choice

The objective of a firm in a responsive supply chain is likely to be realized if it has a

• A) standardized product.
• B) line flow process.
• C) short lead time.
• D) low- capacity cushion.

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Definitions:

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass customer expectation.

Annual Spend

The total amount of money a company or individual spends over the course of a year, often used in the context of budgeting and financial planning.

Service Organizations

Businesses that primarily offer intangible products, such as expertise or labor, rather than physical goods.

Purchased Materials

Items or components procured from external sources used in the manufacturing process or for company operations.