Asked by
Alizey Hocane
on Oct 18, 2024Verified
The objective of every supply chain is to
A) minimize the overall cost generated.
B) maximize the net value generated.
C) minimize the cost to the manufacturer.
D) maximize the profit of the manufacturer.
Supply Chain
The entire system of producing and delivering a product or service, from the very beginning of sourcing the raw materials to the final delivery of the product or service to end consumers.
Net Value
The difference between the total benefits and total costs of an investment or action, taking into account all relevant financial factors.
Supply Chain Cost
The accumulated costs associated with all activities in the supply chain, including production, transportation, and distribution.
- Understand the objectives and functions of supply chains.
Verified Answer
AM
Learning Objectives
- Understand the objectives and functions of supply chains.