In the Lagos-Wright Model

question 1

Multiple Choice

In the Lagos-Wright model

• A)the buyer consumes in the CM and produces in the DM.
• B)the buyer consumes in the DM and produces in the CM.
• C)the buyer produces and consumer in both the CM and the DM.
• D)the seller produces and consumes in both the CM and the DM.
• E)the seller consumes in the DM and produces in the CM.

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Definitions:

Supply Chain Responsiveness

The agility of a supply chain in adapting and responding to changes in demand, supply, and other external factors.

Implied Uncertainty

The level of risk or doubt inherent in decision-making due to lack of precise information.

Supply Chain Strategy

A plan that outlines how a company will manage its supply chain to achieve competitive advantage and meet customer demand efficiently and effectively.

Strategic Fit

The alignment between an organization's resources and capabilities with the external environment to achieve its strategic objectives.