Asked by Tonya Trisko on May 27, 2024
Verified
The role of supply management is best captured by the following question:
A) How can supply help suppliers decrease costs?
B) How can supply and suppliers help decrease costs and increase revenues?
C) How can supply and suppliers help decrease costs?
D) How can supply help decrease costs and increase revenues?
E) How can supply help decrease costs?
Supply Management
The process of managing the acquisition of goods and services for an organization, focusing on optimizing cost, quality, and delivery.
Decrease Costs
The process or strategy of reducing the amount of money required for operations, production, or other activities within an organization.
Increase Revenues
The process of enhancing the income generated by a business through either increased sales, improved pricing strategies, or expanding market reach.
- Recognize the significance of the supply department's strategic contribution to the overarching organizational strategy and its impact on competitive advantage.
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Learning Objectives
- Recognize the significance of the supply department's strategic contribution to the overarching organizational strategy and its impact on competitive advantage.
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