Question

In a situation where there are low economies of scale and a long response time, the supply chain strategy should focus on ______.

Answer 1

In a situation where there are low economies of scale and a long response time, the supply chain strategy should focus on production flexibility since detailed and accurate forecasting is not of critical importance.

A supply chain is the network of all the people, businesses, resources, tasks, and technological advancements involved in the production and distribution of a good. An entire supply chain, from the distribution of raw materials from the supplier to the producer to the final delivery to the customer, is included.

A supply chain is the network of businesses, individuals, tasks, information, and resources used to deliver goods or services to customers.

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