A clothing retailer is struggling to keep up with its compet…

A clothing retailer is struggling to keep up with its competitors due to delays in fabric deliveries and poor coordination with its logistics partners. The management decides to focus on optimizing the entire supply chain to regain its competitive edge. Why is improving the supply chain a critical strategy in this situation?

A consumer electronics company finds that its competitors ca…

A consumer electronics company finds that its competitors can deliver products faster and at lower costs due to better collaboration with suppliers and distributors. To stay competitive, the company decides to improve its supply chain. What is the primary reason this approach is critical?