What happens when retailers and vendors do not coordinate their supply chain management activities quizlet?
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outsourcing: logistical functions that can be performed better or less expensively by third party logistics companies Show
- Third party logistics companies: firms that facilitate the movement of merchandise from manufacturer to retailer but are independently owned (transportation,warehousing,consolidation of order and documentation) - transportation: retailers demand reliable customized service, sometimes they pay airfreight to get merchandise to stores quicker - uncoordinated supply chain is caused by Recommended textbook solutions
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Which benefits does efficient supply chain management provide retailers concerning product availability quizlet?Efficient supply chain management is important to retailers because it can provide a strategic advantage from increases in product availability (fewer stockouts and tailored assortments) and inventory turnover and produces a higher return on assets.
Which of the following is a disadvantage for a retailer who outsources its supply chain activities?Which of the following is a disadvantage for a retailer who outsources its supply chain activities? A retailer cannot develop a sustainable competitive advantage based on the performance of an outsourced supply chain activity.
What is supply chain management and why is it important to a company quizlet?SCM controls and optimizes the flow of materials and information among all of the firms that contribute value to a product, from the source of raw materials to end customers.
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