Three major challenges exist when setting supply objectives and strategies:

Question 6 options:

	identifying internal stakeholders, building consensus among these stakeholders, and selling top management on the results.
	effectively interpreting corporate and supply objectives, selecting appropriate actions to achieve objectives, and integrating supply information into organizational strategies.
	hiring professionals educated specifically in supply management, providing them with technical expertise, and developing leadership skills for the long-term.
	adopting efficient electronic transaction systems, designing effective strategic supply processes, and increasing internal compliance with both.
	emphasizing strategic cost management, involving key suppliers early in the process, and measuring the reduction in total cost of ownership. Question 7 (1 point)