Question

The following are all reasons that Supply Management is increasingly Critical to organizations EXCEPT: A. The percentage of overall product or service cost is increasingly coming from the costs of the materials and supplies needed to provide that product or service. B. The Supply Management function is typically under the direct management and supervision of the CEO of the company. C. Supply Chains are becoming Global and more complex. D. The Supply Management function in a business has a direct influence on the bottom line profits of the company. E. Supply Management has a direct impact on the Performance of the organization.

Answer 1

Answer:

B. The Supply Management function is typically under the direct management and supervision of the CEO of the company

Explanation:

The function of the supply chain management would not be important when it is under the direct management and the CEO supervision as it effect the profit, its total cost that makes critical for the company. Also if the management of the supply chain is good so in this case the profit is rise while on the other hand the cost is reduced and at the same time the chances of attaining competitive advantage is high

Therefore option B is correct

Answer 2

The reasons that Supply Management is increasingly critical to organizations are all these EXCEPT that B. The Supply Management function is typically under the direct management and supervision of the CEO of the company.

Supply Management is the organizational function that identifies, acquires, and manages the relationships with suppliers of resources needed for organizational activities.  These resources may include physical goods and raw materials, information, services, and other resources that enable the organization to continue its operations and growth.

The importance of Supply Management include:

• Boosting customer service
• Reducing operating costs
• Improving financial position
• Reducing inventory costs
• Enabling better information sharing between partners
• Improving process integration
• Increasing the quality of customer service.

Thus Supply Management is not critical to an organization because it is supervised directly by the CEO.

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