Question

Tomas Hult: Did you know

0:02global supply chains are not

0:03just about transportation?

0:05No matter where we are born

0:07and grow up in the world,

0:08we are taught at a very young age

0:10to organize our daily lives

0:11into smaller pieces,

0:12often in a sequential way

0:14based upon time increments.

0:15This instruction is most often

0:17carried out in an informal manner,

0:20first by our parents, elementary teachers,

0:22then perhaps by sports coaches,

0:24music instructors, other activity leaders.

0:27The idea is that breaking down projects

0:29into parts or simple steps

0:31will make us focused, efficient,

0:33and effective in completing tasks.

0:35In contrast, organizations involved

0:37in global supply chains

0:38cannot be involved

0:40in all aspects of the full

0:41global supply chain.

0:42Rather, supply chain professionals

0:44are generally involved

0:45in just one or a few links

0:47and connecting nodes

0:48of global supply chains.

0:50Now, global supply chains

0:51are not just transportation systems,

0:53they are "total value systems"

0:55that work best if all aspects

0:56of the chain -- links, resources,

0:58connecting nodes --

1:00are strategically leveraged.

1:01For the global supply chain,

1:03the idea is to work toward helping

1:04the total chain to succeed,

1:06not toward maximizing

1:08the success of an individual

1:09organization in the chain.

according to that

Total value systems work best if

Multiple Choice

the process is completed in-house.

the process is outsourced.

all parts are strategically leveraged.

individual elements focus on success.

logistics is outsourced.

Answer 1

Answer:  

Total value systems work best if all parts are strategically leveraged.

Reason: It is mentioned in the details mentioned above that for "total value systems" that work best if all aspects of the chain -- links, resources, connecting nodes -- are strategically leveraged.

To complete the process in-house or to outsource the process or logistics are not the options that are considered as it is about connecting various nodes. Individual elements should not focus on success rather they should focus on work toward helping the total chain to succeed.