The Business Value of an Effective Supply Chain Management System

question 19

Multiple Choice

The business value of an effective supply chain management system includes all of the following except

• A) faster time to market.
• B) cost reduction.
• C) supply matched to demand.
• D) increased inventory levels.

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Definitions:

Fixed Mindset

The assumption held by people who perceive their talents and abilities as set traits.

Carol Dweck

Carol Dweck is a psychologist known for her research on the mindset psychological trait, particularly the distinction between fixed and growth mindsets.

Process Inadequacy

The state of a workflow or procedure's failure to meet necessary standards or desired outcomes effectively.

Reservation System

A software application used by various service providers to allow customers to reserve items or services in advance.