Asked by Waleed Abdullah on May 07, 2024
Verified
Supply chain coordination improves if all stages of the chain take actions that are aligned and together increase total supply chain surplus.
Supply Chain Surplus
The total value generated by the supply chain, measured as the difference between the value of the final product to the consumer and the costs of the supply chain.
Supply Chain
A network of all entities involved in producing and delivering a specific product or service, from raw materials to end customers.
- Gain a thorough understanding of the role of supply chain coordination and its significance in enhancing supply chain effectiveness.
- Comprehend the significance of aligning incentives across the supply chain to maximize total surplus.
Verified Answer
PS
Patrícia SánchezMay 13, 2024
Final Answer :
True
Explanation :
Supply chain coordination involves various stages of the chain working together to increase overall supply chain surplus. This involves each stage taking coordinated actions that are aligned to achieve this goal. Therefore, the statement is true.
Learning Objectives
- Gain a thorough understanding of the role of supply chain coordination and its significance in enhancing supply chain effectiveness.
- Comprehend the significance of aligning incentives across the supply chain to maximize total surplus.
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