1.Which of the following is INCORRECT regarding the importance of supply chains

Question

1.Which of the following is INCORRECT regarding the importance of supply chains and supply chain management?

A) Supply chains are an important determinant of improved cash flow since they impact order cycle time to customers.

B) Supply chains are an important determinant of capital consumption since they impact working capital, inventory levels, and other assets such as warehouses.

C) Efficient and effective supply chains can free up resources and improve customer fulfillment systems so as to increase return on investment or assets and improve shareholder value.

D) Supply chain management can solve all challenges (such as those related to inventory deployment, complexity, and technology) without the assistance and cooperation of other departments such as marketing and production.

Explanation / Answer

Option D Supply chain management can solve all challenges (such as those related to inventory deployment, complexity, and technology) without the assistance and cooperation of other departments such as marketing and production.

Supply chain management can solve all challenges (such as those related to inventory deployment, complexity, and technology), but it always needs assistance and cooperation of other departments such as marketing and production. Supply chain is an integrated function which improves the overall value chain of the business and this requires assistance from all the departments. Supply chain cannot sove thies challenges alone.

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