The primary objective of supply chain management is:
The primary objective of supply chain management is:
The primary objective of supply chain management is to take a systems approach. This perspective means considering the entire supply chain as a unified entity and optimizing the flow of products, information, and finances from the supplier to the customer. It involves coordinating and integrating these flows within and among companies to improve efficiency and responsiveness, which encompasses minimizing transportation costs, reducing inventory levels, and leveraging advanced technologies as part of a broader strategy.
Shouldn't reducing inventory levels be primary objective of a supply chain?
No because it is not a complete answer. You have to balance reducing inventory levels with having enough to meet demand (customer satisfaction). This requires taking a systems approach
Supply chain is broad term and it will not limited only to reducing Inventory levels but to take the COMPLETE SYSTEM APPROACH
Before supply chain the functions are not collaborating with each other so well