Asked by Rebecca Groen on Jul 09, 2024
Verified
A goal of supply chain management is to:
A) gain competitive advantage by acquiring confidential information from chain members.
B) drive down prices through competitive online bidding.
C) reduce uncertainty and risks between and among members of the supply chain.
D) push inventory as far down the supply chain as possible.
E) increase competition by increasing the number of suppliers in the supply chain.
Competitive Advantage
The unique attributes or circumstances that allow a company to produce goods or services better or more cheaply than its competitors.
Supply Chain
The network of all entities involved in producing and delivering a final product to the consumer, including manufacturers, suppliers, and distributors.
Uncertainty Reduction
Efforts or strategies to decrease the ambiguity and lack of information in decision-making or forecasting future events.
- Determine the function and influence of strategic coalitions and collaborations within the realm of supply chain management.
Verified Answer
Learning Objectives
- Determine the function and influence of strategic coalitions and collaborations within the realm of supply chain management.
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