Asked by
Yasmin Gonzalez
on Oct 31, 2024
Verified
Benchmark firms have driven down costs of supply-chain performance.
Benchmark Firms
Companies that are considered to be the best in their industry or category and whose practices are used as a standard or comparison in benchmarking studies.
Supply-Chain Performance
The assessment of how effectively and efficiently a supply chain operates, often measured by metrics such as delivery time, quality, and cost.
- Understand the significance of inventory control and its influence on a company's cost strategy via the supply chain.
Verified Answer
KT
Learning Objectives
- Understand the significance of inventory control and its influence on a company's cost strategy via the supply chain.
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