QUESTION 23 What can effective and efficient supply chain management systems ena

Question

QUESTION 23 What can effective and efficient supply chain management systems enable an organization to accomplish? O Increase the power of its buyers O Increase its supplier power O Increase switching costs to increase the threat of substitute products or services O All of these QUESTION 24 Which of the following is an organizational result from an effective and efficient supply chain management system? O Decrease the power of its buyers Create entry barriers, thereby reducing the threat of new entrants O Increase efficiencies while seeking a competitive advantage through cost leadership O All of these

Explanation / Answer

Q23. An Effective and efficient supply chain managemet system enable an organisation to accomplish, Increase its suppliers power.

Option A is wrong because it decreases the power of its buyers.

Option C is wrong because it not necessarily increases switching costs.

Option D, Since A&C are wrong, it cannot be the answer.

Optian B is only correct.

Q24. All of the Statements are correct.

Option A, it decreses the power of its buyers by increasing its reach.

Option B, it create entry barriers, for the new enterants because the already existing firms are highly efficient, and does not provide space for new enterants, if any firm enter it will be difficult for him to earn profit, because of the greater efficiencies of existing firms.

Option C, this option is also correct, it seeks competitive advantage by application of proper framework supporting its sustaniable and efficient cost leadership.

Option D, Since all the above are corect option, D is the right answer.

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