Question

discuss the goal of a supply chain and explain the impact of supply chain decision on the success of a firm? ​

Answer 1

Answer:

A company may focus on the supply chain in order to achieve a low volume of materials on hand. This reduces the company's overall payments accountable and can aid in company success through more profitable margins. It can also risk production if supply stocks are reduced too much.

Explanation:

Answer 2

Answer:

The goal of a supply chain is to ensure the efficient and cost-effective flow of goods and services from the raw materials stage through to the end customer.

Explanation:

Goals of supply chain

• A successful supply chain should be able to meet customer demand for products and services, provide a competitive advantage for the firm, and optimize the use of resources such as time, money, and manpower.

• Poor supply chain decisions can lead to a range of problems, including stock shortages, longer lead times, higher costs, and decreased customer satisfaction.

• On the other hand, effective supply chain decisions can help a firm to improve its bottom line, increase efficiency, and build a competitive advantage.

• For example, outsourcing certain components of the supply chain to low-cost countries can reduce costs and increase profits.

To learn more about supply chain, refer these links.

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