Supply Chain Management Technologies
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Questions and Answers

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?

  • 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?

  • 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?

    <p>To promote quick decision-making and efficiency</p> Signup and view all the answers

    How can blockchain technology be beneficial in the supply chain?

    <p>Enhancing traceability throughout the supply chain</p> Signup and view all the answers

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