The following are all reasons that Supply Management is increasingly Critical to organizations EXCEPT: The Supply...
The following are all reasons that Supply Management is increasingly Critical to organizations EXCEPT:
The Supply Management function in a business has a direct influence on the bottom line profits of the company.
Supply Management has a direct impact on the Performance of the organization.
Supply Chains are becoming Global and more complex.
The percentage of overall product or service cost is increasingly coming from the costs of the materials and supplies needed to provide that product or service.
The Supply Management function is typically under the direct management and supervision of the CEO of the company.
Homework Answers
Correct Answer:
E
Supply chain management (SCM) function, being under the control of CEO and or direct management, does not make it, critical for the organization. Rather, its impact upon the profit, its being global as well as its impact upon over all cost of products, are going to make it critical for the organization. If SCM is managed properly, then profit is increased, and cost is decreased while managing it properly to develop competitive advantage globally.
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