ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -Technology and data are already very well integrated into supply chain management. Corporate executives are already well aware of supply chain management. CEO’s view SCM as being primarily focused on cost reduction. An example of time-based strategy is the trade offs between transportation, inventory, and warehousing.
Detailed explanation-2: -Increasing accurate information process by removing redundant data entry for easy transmission of product design specification & order status information.
Detailed explanation-3: -ICT has enabled interactions between different organizations along the supply chain thus, facilitating data sharing and exchange of information at higher speed and accuracy enabling organizations to meet customer demands on time thus meeting set customer service standards.