Given this situation, which of the following should the company do FIRST?

A company that has never focused on supply management in the past is now faced with increasing competition from new, innovative products entering its market. As a result, the firm’s business strategy includes an increased focus on cost containment.

Given this situation, which of the following should the company do FIRST?
A . Create an executive position for supply management
B . Standardize global processes
C . Raise the reporting level of key supply management personnel
D . Consolidate tactical supply management positions where possible

View Answer

Answer: C

Explanation:

Raising the reporting level of key supply management personnel is crucial for integrating supply management into the company’s strategic focus. This ensures that supply management decisions align with executive strategies on cost containment and competitiveness, enhancing visibility and influence.