Business Studies · Supply Chain Management
In logistics and supply chain management, the term 'value creation' refers to:
- 1Restricting inventory levels to the lowest possible level
- 2Increasing the number of intermediaries in distribution channels
- 3Enhancing customer satisfaction by efficiently coordinating activities across the supply chain✓
- 4Minimising transportation costs irrespective of delivery time
Correct answer
Enhancing customer satisfaction by efficiently coordinating activities across the supply chain
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