The Business Value of an Effective Supply-Chain Management System Includes

question 50

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.
• E) improved delivery service.

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Definitions:

Forecasting Labour Supply

The process of estimating the future availability of workers, based on factors like demographic changes, education levels, and economic trends.

Human Resource Planning

Human Resource Planning is the process of identifying current and future human resources needs for an organization to achieve its goals.

Benchmarking

A process of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry.

Trend Analysis

The practice of collecting information and attempting to spot a pattern, often used in financial markets, research, and product analysis.