Why is cost control so important with competing with firms

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In today's global markets, many companies source, produce, transport and sell products internationally. Firms seek to maximize potential sales while minimizing costs and production/distribution time. In this environment, explain the strategic importance of the operations and supply chain management function.

Be sure to address:

- How can a company use operations/supply chain management to make them more competitive?

- Why is cost control so important with competing with other firms?

- How have global factors come into play?

Reference no: EM132433571

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