Description
An effective supply strategy primarily focuses on linking: (Points : 1) current needs to current markets.
future needs to future markets.
current needs to future markets.
future needs to current markets.
current and future needs to current and future markets.
the industry in which they operate the organization’s competitive position. a and b. a, b and c. |
effectively interpreting corporate and supply objectives, selecting appropriate actions to achieve objectives, and integrating supply information into organizational strategies. hiring professionals educated specifically in supply management, providing them with technical expertise, and developing leadership skills for the long-term. emphasizing strategic cost management, involving key suppliers early in the process, and measuring the reduction in total cost of ownership. identifying internal stakeholders, building consensus among these stakeholders, and selling top management on the results. |
False |
False |
more intense involvement in fewer supply chain activities. involvement in strategic planning and mergers and acquisitions. a clear delineation between supply and accounting. merging of supply and accounts payable. |
False |
essential only in the service sector, and most lack the mechanisms to link them. essential in all organizations, and most have the mechanisms to link them. essential in all organizations, and many lack the mechanisms to link them. non-essential in most types of organizations. |
False |
False |