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:

Representative Body

An entity or group of individuals elected or appointed to act on behalf of a larger group, typically in decision-making processes.

Political Expression

The act of conveying one's political beliefs, opinions, or support for specific causes or candidates, often protected under freedom of speech.

First Amendment

An amendment to the United States Constitution guaranteeing freedoms concerning religion, expression, assembly, and the right to petition.

Corporations

Legal entities created under state law that have a separate legal personality, can own property, enter into contracts, and be sued or sue.