Final answer:
The statement is false. The supply chain design phase, which includes long-term infrastructure decisions such as building factories and hiring workers, can span several years. The supply chain planning phase is shorter-term, focusing on management within the constraints set by the design.
Step-by-step explanation:
The statement that the supply chain planning phase exceeds the supply chain design phase in duration is false. The supply chain design phase involves the long-term decisions about the configuration of the supply chain and the development of the necessary infrastructure,
which may include building new factories, hiring new workers, and opening new stores. This phase can span several years due to the complexity and scale of the investments and changes involved.
On the other hand, the supply chain planning phase involves shorter-term decisions that focus on the management of the supply chain. This planning takes place within the constraints set by the design and may involve adjustments to production schedules, inventory levels, and purchasing decisions.
These adjustments can occur over a shorter timeframe, such as months or even weeks, making the planning phase generally less time-consuming than the design phase.