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Question 500 - CSCP discussion

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When choosing a supplier in a market-responsive supply chain, a company most appropriately would make the selection on the basis of quality and:

A.
product cost.
Answers
A.
product cost.
B.
product development capabilities
Answers
B.
product development capabilities
C.
cost of delivery.
Answers
C.
cost of delivery.
D.
speed.
Answers
D.
speed.
Suggested answer: D

Explanation:

In a market-responsive supply chain, the ability to quickly respond to changing customer demands and market conditions is critical. When choosing a supplier, a company should prioritize not only quality but also the speed at which the supplier can deliver products. Speed is essential for maintaining high levels of customer satisfaction and competitive advantage in fast-moving markets. A supplier with quick turnaround times can help the company reduce lead times, minimize inventory levels, and respond rapidly to market fluctuations, ensuring that the supply chain remains agile and responsive to customer needs.

Fisher, M. L. (1997). 'What is the right supply chain for your product?' Harvard Business Review, 75(2), 105-116.

Christopher, M., & Towill, D. R. (2001). 'An integrated model for the design of agile supply chains.' International Journal of Physical Distribution & Logistics Management, 31(4), 235-246.

asked 16/09/2024
Maurizio Toniato
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