Companies can reduce costs associated with a value chain system byMultiple choice question.replacing direct shipments with warehousing.hiring extra temporary employees.eliminating unnecessary steps.shifting centralized activities to individual stores.

A company with a value chain system that sells directly consumers is able toMultiple choice question.bypass the costs of distributors.reduce the need for cost drivers.increase overhead expenditures.develop better relationships with distributors.

The business value of an effective supply chain management system includes all of the following exceptQuestion 9Answera.faster time to market.b.cost reduction.c.supply matched to demand.d.increased inventory levels.

One of the most effective ways to manage a value chain efficiently is toMultiple choice question.hire more employees.work with rivals to provide better service.find innovative ways to keep costs down.attend value chain meetings.

Select all that applyWhich methods help a company use cost drivers effectively?Multiple select question.improving supply chain efficiencycapturing all available economies of scaleincreasing inventory carrying costsoperating facilities at full capacityignoring employee morale

Select all that applyWhen there are improvements in technology at the supply stage of the value chain, a vertically integrated companyMultiple select question.will likely be in a good position to shop the market and purchase optimal products from suppliers.is likely to improve customer service by relying on older plants and technologies.may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.may need to continue producing suboptimal products rather than upgrading its technology.