ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Responsiveness
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Visibility
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Efficiency
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Certainty
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Detailed explanation-1: -Supply chain visibility is the ability to track different goods and/or products in transit, giving a clear view of the inventory and activity. It enables shippers to improve customer service and cost controls through management of inventory in motion, proactive status updates, limiting disruptions and risk mitigation.
Detailed explanation-2: -Supply chain visibility is the ability to track every tier of your supply chain – from the raw materials to the customer. The goal of Supply chain visibility is to improve and strengthen the supply chain by making data readily available to all stakeholders.
Detailed explanation-3: -Inaccurate data. Inability to track supplier performance. Late updates. Incomplete information. 31-Mar-2022