Question

Total value systems work best if

Multiple Choice
1. logistics is outsourced.
2. all parts are strategically leveraged.
3. individual elements focus on success.
4. the process is outsourced.
5. the process is completed in-house.
In the international business world, the logistics function manages the global supply chain. The twin objectives of logistics are to manage a firm's global supply chain at the lowest possible cost and in a way that best serves customer needs.
The potential for reducing costs through more efficient logistics can be achieved by using the just-in-time (JIT) inventory method as well as web-based information systems for modern materials management.

Answer 1

The correct answer is B)

Step-by-step explanation:

A Total Value System works best if all components of the system are leveraged strategically.

A Total Value System is the sum of business and or corporate entities and the value-adding operations which are involved in the creation of the final product and or service to a consumer.

To strategically leverage the total value system means to ensure that each firms activity:

1. Support the key operations of one another
2. and that each activity plugs the weaknesses of the other

The efficiency of a properly leveraged network of value systems is reflected in the time taken and cost of value each activity.

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