Question

______ is the extent to which a company's supply chain is focusing on minimizing procurement, production, and transportation costs. Select one:

a. Supply chain visibility

b. Supply chain efficiency

c. Supply chain analytics

d. Supply chain effectiveness

e. Supply network collaboration

Answer 1

B. Supply chain efficiency

Step-by-step explanation:

Efficiency consists in maximizing productivity while minimizing costs. Supply-chain efficiency, therefore, involves reducing costs and improving output in the production process, with the aim of increasing profit.