In implementing a supply chain strategy, a firm must minimize its total cost without compromising the needs of its____________.

The supply chain is the process of a product's or service's full manufacturing cycle, from raw materials through delivery to the consumer. A corporation establishes a network of suppliers ("links" in the chain) who transport the product from raw material suppliers to organizations that interact directly with users.

When implementing a supply chain strategy, a company must minimize total costs while meeting the needs of its consumers. Customer and customer satisfaction are very important in the supply chain strategy since they drive the firm in the long term. If a corporation has to save costs, it must concentrate on unnecessary spending.

If they intend to diminish the quality of service in the supply chain, it will result in client loss and a loss of competitive advantage. As a result, every business reduces its total cost while meeting the demands of its customers, and this generates goodwill for the firm.