Asked by
Maggie Nichols
on Oct 18, 2024Verified
An intermediary can increase the supply chain surplus by decreasing the number of relationships required between multiple buyers and sellers.This is called
A) capacity aggregation.
B) inventory aggregation.
C) warehouse aggregation.
D) relationship aggregation.
Intermediary
A third-party agent or entity that acts as a mediator or facilitator between two parties in a transaction, often involved in the distribution chain.
Supply Chain Surplus
The difference between the value a product provides to the customer and the cost of the supply chain in fulfilling that demand.
- Understand the significance of intermediaries in easing interactions between purchasers and vendors.
Verified Answer
KH
Learning Objectives
- Understand the significance of intermediaries in easing interactions between purchasers and vendors.