A Strong Supply Chain Strategy Can Be Used to

question 49

Multiple Choice

A strong supply chain strategy can be used to

• A) reduce costs.
• B) eliminate delivery delays.
• C) share marketing communications costs.
• D) build customer loyalty.
• E) shut out the competition.

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Definitions:

Systems Bottlenecks

refer to points of congestion in a system where the flow of processes is impaired, causing delays and inefficiencies.

Productivity

A measure of how efficiently outputs (goods and services) are produced from inputs (labor, capital, materials).

Global Financial Crisis

Was a consequence of sub‐prime mortgage defaults in the United States in 2008 and culminated in a worldwide recession.

Process Re-Engineering

A complete overhaul and innovative redesigning of business procedures aimed at achieving significant enhancements in key performance indicators.