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Questions and Answers
What is one key strategy for building customer trust and transparency in the supply chain?
What is one key strategy for building customer trust and transparency in the supply chain?
- Keeping customers uninformed to maintain control over the situation
- Avoiding any communication with customers to prevent unnecessary questions
- Communicating proactively about potential delays or stockouts (correct)
- Providing minimal information to customers to avoid confusion
How can companies reduce their carbon footprint in their supply chain practices?
How can companies reduce their carbon footprint in their supply chain practices?
- Increasing waste generation to boost production efficiency
- Partnering with vendors who do not prioritize sustainability
- Ignoring environmental concerns for the sake of cost reduction
- Optimizing transportation routes and using eco-friendly packaging materials (correct)
What is one common application of artificial intelligence (AI) and machine learning (ML) in the supply chain?
What is one common application of artificial intelligence (AI) and machine learning (ML) in the supply chain?
- Relying solely on manual processes for supply chain management
- Using AI for demand forecasting and optimizing warehouse operations (correct)
- Randomly selecting vendors without any data analysis
- Completely avoiding technological advancements like AI and ML
Why is it important for companies to empower team members to make decisions in the supply chain?
Why is it important for companies to empower team members to make decisions in the supply chain?
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How can blockchain technology be beneficial in the supply chain?
How can blockchain technology be beneficial in the supply chain?
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