Using digital communication to improve supply chain efficiency is dependent on effective exchange and sharing of information. The challenges of achieving standardized data formats and data exchange have given rise to the study of the optimization of the:

SUPPLY CHAIN MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Information supply chain
B	Vertical integration
C	Virtual integration
D	Information asymmetry

Explanation:

Detailed explanation-1: -Paired with RFID technology, cloud-based computerized shipping and tracking further simplifies the supply process and can dramatically reduce shipping errors. Software like FlashTrac and its mobile version FlashLite enables savvy business owners to consolidate all aspects of their supply chain in one place.

Detailed explanation-2: -A digitized supply chain allows you to gather and analyze massive amounts of data with far less effort and in far less time than with analog systems. You can then use that knowledge to inform your decision-making, build strategies, and plan for any scenario.

Detailed explanation-3: -Through digital tools and technologies, companies can better coordinate and collaborate with various stakeholders, including third-party service providers, vendors, intermediaries, and customers, to improve the performance of the end-to-end value chain.

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT