Ach of the (Transportation) Modes Has Specific Operating and Cost

question 9

Multiple Choice

ach of the (transportation) modes has specific operating and cost characteristics and the buying professional must weigh them in selecting the most appropriate transportation mode. The most basic selection decision is the trade-off between _______________.

• A) quality, flexibility, and price
• B) cost, flexibility, and speed
• C) flexibility, reliability, and speed
• D) cost, reliability, and speed
• E) efficiency, cost, and speed

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Definitions:

Supply Chain

An amalgam of firms, people, undertakings, informatics, and provisions set up for the purpose of transferring a product or service from its inception to its consumer.

Macro Processes

Large-scale processes that encompass multiple functions or capabilities within an organization, often involving several business units or departments.

SRM

Supplier Relationship Management, a systematic approach for developing and managing partnerships with vendors and suppliers to improve product quality and reduce costs.

Cycle View

A perspective or methodology focusing on the repetitive process of order to delivery in the supply chain, emphasizing continuous improvement and efficiency.