1. Is an organization better off reducing the number of suppliers to improve efficiencies?
a. Yes, fewer suppliers increase time available to cultivate key vendors.
b. No, by reducing suppliers the company is more dependent the remaining suppliers.
c. It is difficult to determine, as the number of processes that provide the goods or services can be more important than the number of suppliers.
2. What are the optimum solutions to improve performance of company’s supply chain management?
a. Stronger controls over manufacturers, warehouses, wholesalers, retailers and consumers.
b. Reduce supply cost, improve product margins, increase output, improve customer satisfactions and earn better return on investment.
c. Evaluate project impact, financial results; optimize resource plan real-time status reports, teamwork and process reporting.