Question

Explain commodity and cost centric supply chain.

Answer 1

The companies were commodity- based businesses and operated on razor-thin margins. One company defined the customer- centric ...

Answer 2

A commodity is a basic good that is used in trade and can be exchanged for other items of the same kind. The majority of the time, commodities are utilized as raw materials to create other products or services.

The supply chain, which is typically seen as a cost center, can assist a CPG company in making a growth pivot. Companies in the CPG industry who do not invest in critical resilience-enabling capabilities are essentially holding growth hostage.

Explanation:

• The quantity of any commodity that is offered for sale at a specific price is referred to as the supply of that commodity.
• The commodity's supply is impacted by a number of factors. The elements are the cost of the commodities, their nature, the state of the transportation system, and governmental policy.
• a commodity is typically a raw resource utilized to create completed goods. Contrarily, a product is the finished good that is offered for sale to customers.
• Agile and responsive supply chains are better able to execute on a range of consumer value propositions and are more resistant to disruption.

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