Multiple Select Question

Question

Select all that apply

Which of the following are true about supply chains?
Multiple select question.

Choice of a supply chain should reflect customer needs.

Speed within the supply chain is the top consideration for organizations.

Choice of supply chains minimize all costs.

Managers must often make trade-offs between efficiency and responsiveness of their supply chains.

Answer 1

The following statements about supply chains are true:

1. Choice of a supply chain should reflect customer needs.
2. Managers must often make trade-offs between efficiency and responsiveness of their supply chains.

The other statements are not universally true:

• Speed within the supply chain is the top consideration for organizations. (While speed can be a critical factor, it is not always the top consideration for all organizations, as other factors can be equally or more important depending on the business context.)

• Choice of supply chains minimize all costs. (Minimizing all costs is not always feasible or desirable; often, managers must balance cost with other supply chain objectives, such as quality, speed, and flexibility.)