Thedesign and management of cost and lead time minimization acrosstiers of the supply chain to the benefit of the final customer iscalled
Expert Answer
The design and management of cost and lead time minimizationacross tiers of the supply chain to the benefit of the finalcustomer is called supply chain management.
The purpose of supply chain management is to streamline the flowof products from the supplier to the end consumer in an economicaland systematic manner. This helps companies reduce costs and gainan edge over their competition.