Answer:
Several companies are working together to create a product, and their efforts to coordinate have provided an increase in value, which in turn has provided each of these companies with a competitive advantage over those who produce a similar product. This is an example of ________.
A. utility
B. supply chain management
C. materials management
D. quality
E. production
Answer: D
Explanation:
Quality alludes to how great something is contrasted with other comparable things, as it were, its level of greatness. In business, particularly fabricating, it is a proportion of greatness. Right now, can likewise allude to a condition imperfection free. The ISO 8402-1986 standard characterizes quality as: "The totality of highlights and attributes of an item or administration that bears its capacity to fulfill expressed or inferred needs." In business, assembling, and building, the term has a commonsense translation as the predominance or non-inadequacy of something. It likewise alludes to an item as 'fit for reason,' while simultaneously fulfilling customer desires. Quality is generally an emotional and perceptual property. Various individuals might not have a similar comprehension of the significance of the term.
When several companies work together to create a product and their coordination efforts provide increased value and competitive advantage, this is an example of supply chain management.
The increase in value is perceived when a company identifies how much consumers are willing to pay for the product it offers, and manages to reduce its production costs or make it differentiated to sell at a higher price.
When the supply chain is managed effectively, it is able to:
Therefore, integrating organizational systems through supply chain management will generate continuous improvement in processes, greater quality and competitiveness.
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