Question

Cost reduction is still the number one priority for many supply chain executives, according to the MHI and Deloitte survey. Select one: True False

Answer 1

Answer:

MHI and Deloitte Survey

Cost Reduction #1 Priority

True

Explanation:

For supply chain companies to achieve their profit targets, they need to curtail costs.  Consumers are not ready to absorb much costs as they are presented with low-priced alternatives.  The competition for customers among supply chain organizations is very high.  Everyone competes for the dollar the consumer is willing to spend on goods.  With property and advertising costs skyrocketing, careful management of the cost structure is required.