Asked by
Bailey Clipperton
on Oct 18, 2024
Verified
A supply chain needs to achieve a balance between the level of availability and the cost of inventory that
A) maximizes supply chain revenues.
B) minimizes supply chain costs.
C) maximizes supply chain profitability.
D) maximizes supply chain availability.
Level of Availability
The degree to which a system, service, or product is operable and accessible when required for use.
Inventory Cost
The total expense associated with purchasing and maintaining a business's inventory, including procurement, storage, and management costs.
Supply Chain Revenues
The total income generated from the sale of goods and services throughout the entire supply chain.
- Assess the relationship between the costs associated with inventory and the revenues generated by the supply chain to enhance profit margins.
Verified Answer
DP
Learning Objectives
- Assess the relationship between the costs associated with inventory and the revenues generated by the supply chain to enhance profit margins.