An example of how companies can revamp their value chain to reduce costs is to a. have suppliers locate their plants close to companies' own facilities. b. continue to utilize traditional methods of distribution and sales. c. not make any changes in product manufacturing but change end distribution methods. d. increase extra services to increase staffing requirements. e. facilitate the learning curve by providing superior training to new employees.

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27-06-2022
Business

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An example of how companies can revamp their value chain to reduce costs is to a. have suppliers locate their plants close to companies' own facilities. b. continue to utilize traditional methods of distribution and sales. c. not make any changes in product manufacturing but change end distribution methods. d. increase extra services to increase staffing requirements. e. facilitate the learning curve by providing superior training to new employees.

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jayilych4real jayilych4real · Answer 1 · 2022-06-29T16:53:18+02:00

An example of how companies can revamp their value chain to reduce costs is to A. have suppliers locate their plants close to companies' own facilities

What is a Value Chain?

This refers to the various processes where a company adds value to its products which include marketing, production, etc.

Hence, we can see that in production, a company can try and reduce costs when they make a revamp their value chain and this can be done by putting the supplier's plants very close to the companies' own facilities.