Which of the following is a key element of supply chain management?

A key element of supply chain management is ensuring a continuous supply of products or services. This aspect is fundamental because supply chains operate on the principle of linking various stages of production and distribution to meet customer demand efficiently. If a supply chain is disrupted and products or services are not available when needed, it can lead to stockouts, lost sales, and ultimately, customer dissatisfaction.

Continuous supply is vital for maintaining smooth operations, minimizing delays, and ensuring that all segments of the supply chain work in harmony. It allows organizations to respond quickly to changing market conditions and customer needs, providing a competitive edge.

While customer satisfaction, the elimination of middlemen, and maximizing market share are also important considerations in business strategy, they are often influenced by the efficiency and effectiveness of supply chain management rather than being core elements of it.