Asked by Nicholas Bermudez on Jun 24, 2024

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A firm that is not on the cost-responsiveness efficient frontier can improve

A) both responsiveness and cost performance.
B) only responsiveness.
C) only cost performance.
D) responsiveness,but not cost performance.

Cost-Responsiveness Efficient Frontier

An analytical concept in supply chain management that shows the trade-off between the cost of a supply chain and its responsiveness to customer demands.

Responsiveness

The ability of a business or system to quickly and effectively adapt to changes in demand or conditions.

Cost Performance

An evaluation metric measuring how efficiently a project, process, or company utilizes its resources in relation to planned versus actual costs.

  • Learn about the essential principles of supply chain responsiveness and efficiency.
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Tomie WilsonJun 26, 2024
Final Answer :
A
Explanation :
A firm that is not on the cost-responsiveness efficient frontier can improve both responsiveness and cost performance by implementing operational improvements and optimizing its production process. By doing so, the firm can reduce costs and improve the speed and flexibility of its operations, allowing it to better meet customer demands and gain a competitive advantage. Therefore, both cost and responsiveness can be improved simultaneously.