ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A key element in Wal-Mart’s ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -One of the biggest challenges faced in supply chain management is the lack of visibility. Supply chain visibility refers to tracking the movement of goods from the supplier to the end consumer. Without visibility, optimizing the supply chain and making informed decisions becomes difficult.
Detailed explanation-2: -Walmart’s supply chain strategy aims to reduce operational expenses for the company, maintain low product prices for the consumers and automate the order fulfilment process.
There is 1 question to complete.