Practice Quiz

Supply Chain Management

Category - Dynamics

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With additional functional products, the policies in the supply chain should be designed primarily to supply at the _________.
  1. Lowest possible cost
  2. Highest possible cost
  3. Average cost
  4. None of the above.
Explanation
Answer: A - With more functional products, the strategies in the supply chain should be designed mainly to supply at the lowest possible cost. New products require processes that react quickly to changes in demand in order to diminish stock outs and obsolete inventory.
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