Asked by Nicholas Bermudez on Jun 24, 2024
Verified
A firm that is not on the cost-responsiveness efficient frontier can improve
A) both responsiveness and cost performance.
B) only responsiveness.
C) only cost performance.
D) responsiveness,but not cost performance.
Cost-Responsiveness Efficient Frontier
An analytical concept in supply chain management that shows the trade-off between the cost of a supply chain and its responsiveness to customer demands.
Responsiveness
The ability of a business or system to quickly and effectively adapt to changes in demand or conditions.
Cost Performance
An evaluation metric measuring how efficiently a project, process, or company utilizes its resources in relation to planned versus actual costs.
- Learn about the essential principles of supply chain responsiveness and efficiency.
Verified Answer
Learning Objectives
- Learn about the essential principles of supply chain responsiveness and efficiency.
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