Three Major Challenges Exist When Setting Supply Objectives and Strategies

question 17

Multiple Choice

Three major challenges exist when setting supply objectives and strategies:

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

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Definitions:

Attrition Strategy

A military strategy aimed at wearing down an opponent through continuous losses in personnel and material.

Brutality

The extreme cruelty or inhumanity of actions, often used in the context of violence by authorities or during conflicts.

Vietnam War

A protracted conflict from the late 1950s to 1975 in Vietnam, featuring North Vietnamese forces against South Vietnam and its principal ally, the United States.

My Lai

A village in Vietnam where a mass murder was carried out by U.S. Army soldiers in 1968 during the Vietnam War.