Asked by Thanh Nhàn on May 20, 2024
Verified
A supply chain can increase revenue by using a high level of product availability.
Product Availability
the extent to which a product is obtainable in the desired quantities at the right time and place for customers.
Revenue
The total amount of income generated by the sale of goods or services related to a company's primary operations.
- Learn the importance of maintaining a high level of product availability to drive supply chain revenue.
Verified Answer
YB
YUVRAJ BHANDARIMay 24, 2024
Final Answer :
True
Explanation :
When a supply chain has a high level of product availability, it is more likely to have happy and satisfied customers who will purchase from them again in the future. This can lead to an increase in revenue and overall business success. Additionally, having high product availability can attract new customers who may have been hesitant to buy from a company that frequently runs out of stock.
Learning Objectives
- Learn the importance of maintaining a high level of product availability to drive supply chain revenue.
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