Asked by Javier Lopez on Jul 13, 2024

verifed

Verified

Which one of the following is NOT one of the six major supply strategy areas:

A) competitive-edge strategies.
B) environmental-change strategies.
C) risk-management strategies.
D) new-product development strategies.
E) cost-reduction strategies.

Competitive-Edge Strategies

Tactics and approaches utilized by companies to gain a superior position in the marketplace and outrun their competitors.

Environmental-Change Strategies

are approaches organizations adopt to adjust and thrive in response to changes in the external environmental factors.

Risk-Management Strategies

Approaches and practices for identifying, assessing, and mitigating risks to minimize their impact on an organization.

  • Pinpoint the six essential aspects of supply strategy and their significance.
verifed

Verified Answer

KW
Kendel WibbingJul 16, 2024
Final Answer :
D
Explanation :
The six major supply strategy areas are cost-reduction strategies, risk-management strategies, environmental-change strategies, competitive-edge strategies, supplier relationship management strategies, and global sourcing strategies. New-product development strategies are not included in the six major supply strategy areas.