The design process by which a firm structures and manages the supply chain to achieve optimization is called:
Correct Answer: B
Network planning is the process by which a firm structures and manages its supply chain to achieve optimization. This involves designing the network of suppliers, manufacturers, warehouses, and distribution centers to minimize costs and maximize service levels. Network planning includes decisions on facility locations, transportation modes, inventory levels, and the flow of goods through the supply chain. Options A, C, and D address different aspects of supply chain management but do not specifically refer to the comprehensive design and management process implied by network planning.
References:
* Chopra, S., & Meindl, P. (2015). Supply Chain Management: Strategy, Planning, and Operation.
* https://www.investopedia.com/terms/n/networkplanning.asp