Asked by Shawntay Williams on May 04, 2024

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Efficient and effective supply processes are needed because of:

A) the large volume of items and dollar value.
B) severe consequences of poor performance.
C) the potential contribution to organizational objectives.
D) the need for an audit trail.
E) the large volume of items,dollar value,severe consequences of poor performance,the potential contribution to organizational objectives,and the need for an audit trail.

Audit Trail

A record that traces the detailed transactions and operations that affect a particular operation or event, widely used for verification and accounting purposes.

Severe Consequences

Significant negative outcomes or effects that result from a particular action or decision.

Organizational Objectives

Specific goals that a company or institution aims to achieve, which guide its operations and strategic planning.

  • Comprehend the importance of efficient and effective supply processes and the impact of poor performance on the organization.
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ML
Micaela LopezMay 06, 2024
Final Answer :
E
Explanation :
All of the options listed (A, B, C, and D) contribute to the need for efficient and effective supply processes. Therefore, the best choice is E, which includes all of them. The large volume and dollar value of items being managed make it essential to have optimized processes to minimize waste and maximize value. Poor performance in supply processes can lead to severe consequences such as supply shortages, decreased customer satisfaction, and financial losses. Efficient supply processes have the potential to contribute significantly to organizational objectives, such as improved operational efficiency, decreased costs, and increased customer satisfaction. Finally, the need for an audit trail ensures compliance with legal regulations and allows for identification and correction of errors in the supply process.