Which of the following is a primary goal of supply chain management?

The primary goal of supply chain management is to effectively reduce costs while simultaneously improving quality throughout the entire chain of supply. This involves coordinating and optimizing various functions such as procurement, production, distribution, and logistics to maximize efficiency and responsiveness to market demands.

By focusing on cost reduction, organizations can improve profitability while enhancing the quality of their products or services leads to customer satisfaction and loyalty. A more efficient supply chain can also facilitate faster delivery and responsiveness to changes in market conditions or consumer preferences, further contributing to the organization’s competitive advantage.

In contrast, minimizing product variety does not align with customer preferences for diverse options, maximizing shipping times hinders overall efficiency, and simply increasing warehouse space does not address core supply chain challenges like inventory management or cost-effectiveness.