BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Gain a significant return of investment.
|
|
|
Better understand risks
|
|
|
Customer Engagement
|
|
|
Supply Chain in the Retail Industry
|
Detailed explanation-1: -Supply chain analytics can identify known risks and help to predict future risks by spotting patterns and trends throughout the supply chain.
Detailed explanation-2: -Supply Chain Risk Management Benefits Risk management is key in eliminating waste and stimulating other best practices within the supply chain. Wasting resources can add risk to the organization and supply chain, so by planning ahead with a good risk management system, materials can be repurposed to avoid waste.
Detailed explanation-3: -Supply chain risk management services make it easier for you to identify, assess and monitor risks and take preventative action to prevent hazards from causing incidents, protecting your business from financial and reputational damage.
Detailed explanation-4: -Why Is Supply Chain Management Important? Modern supply chains help improve living standards by enabling consumers to buy essential products at lower costs. This is because an effective supply chain streamlines the process of getting products to market, and ultimately to consumers.