ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Supply Uncertainty
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Demand Uncertainty
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Internal Uncertainty
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External Uncertainty
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Detailed explanation-1: -Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.
Detailed explanation-2: -In terms of supply chains, uncertainty means changes in fulfillment and profitability caused by unpredictable events and in how difficult it is to make decisions when there is a lack of unambiguousness in the supply chain, meaning we have no way of knowing the status and impact of the actions we may take.
Detailed explanation-3: -Some of these factors may significantly increase the uncertainty in a supply chain network, but other frequent parameters of uncertainty are product demand, raw material prices, costs (energy, labor, production and transportation costs) and lead times.