Trade-offs and supply chain security initiatives
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Discuss the trade-offs that a firm must consider when determining the focus and comprehensiveness on supply chain security initiatives.
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The expert discusses the trade-offs that a firm must consider when determining the focus and comprehensiveness on supply chain security initiatives.
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TRADE-OFF: SUPPLY CHAIN SECURITY
Trade-off may be described as a decision that must have to be sacrificed in order to achieve an expectedly better decision that would provide a greater value to the company. As applied to a business organization, the manager may face a trade-off of its plan to increase the salary of workers as a result of his decision to invest in high-tech facilities and equipment to be at par with competitors in the industry.
A business dictionary noted that a trade-off is " a technique of reducing or foregoing one or more desirable outcomes in exchange for increasing or obtaining other desirable outcomes to maximize total return or effectiveness under given circumstances" ...
Education
- Bachelor of Science in Business Administration, University of the Philippines
- Master in Business Administration, Saint Mary's University
- Doctor of Philosophy in Education, University of the Philippines
- Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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