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Which measure of supply chain performance focuses on reducing inventory costs relative to the cost of goods sold?
  • a)
    Efficiency
  • b)
    Responsiveness
  • c)
    Effectiveness
  • d)
    Collaboration
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which measure of supply chain performance focuses on reducing inventor...
Efficiency in supply chain performance refers to minimizing costs by reducing inventory investment or value relative to the cost of goods sold. This is often measured through inventory turnover and weeks of inventory on hand.
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Which measure of supply chain performance focuses on reducing inventory costs relative to the cost of goods sold?a)Efficiencyb)Responsivenessc)Effectivenessd)CollaborationCorrect answer is option 'A'. Can you explain this answer?
Question Description
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