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When a company develops a report card for evaluating its supplies, this best represents what type of decision?

1) Strategic decision
2) Operational decision
3) Tactical decision
4) Financial decision

1 Answer

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Final answer:

Creating a supplier report card falls under (Option 3) tactical decision-making, as it involves short to medium-term actions that align with the broader strategic goals of improving operational efficiency and financial asset management.

Step-by-step explanation:

When a company develops a report card for evaluating its suppliers, this best represents a tactical decision. Tactical decisions are focused on the implementation of strategies laid out by higher management and are often medium-term, actionable steps. These decisions seek to manage operational efficiency while aligning with the company's broader strategic goals.

In the context of business operations, investment strategies, cost/benefit analysis, and financial assets management are essential components to forming strategic, tactical, and operational decisions. The creation of a supplier report card is a means to optimize supply chain management, ensuring that financial assets are invested wisely, with suppliers that meet corporate standards and contribute positively to the company's bottom line.

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