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Question 87 - CSCP discussion

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The primary reason for a firm to pursue strategic supply chain activities is to:

A.
gain competitive advantage.
Answers
A.
gain competitive advantage.
B.
reduce total cost of ownership (TCO).
Answers
B.
reduce total cost of ownership (TCO).
C.
decrease inventory.
Answers
C.
decrease inventory.
D.
increase product life cycles.
Answers
D.
increase product life cycles.
Suggested answer:

Explanation:

Context: Strategic supply chain activities are pursued to achieve long-term business objectives.Options Breakdown:A . Gain competitive advantage: Strategic activities enhance a firm's market position through improved efficiency, customer service, and innovation.B . Reduce total cost of ownership (TCO): While important, this is often a tactical goal rather than the primary strategic driver.C . Decrease inventory: Inventory reduction is a tactical benefit but not the main strategic reason.D . Increase product life cycles: Extending product life cycles can be a goal, but it is not the primary strategic driver.Answer: Justification: The primary reason for engaging in strategic supply chain activities is to gain a competitive advantage by enhancing overall performance and customer satisfaction.Strategic supply chain management literatureIndustry analyses on the benefits of strategic supply chain initiatives

asked 16/09/2024
Nogueira Elder
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