(a)
To determine: The reason why integrated technology factor is critical for a successful supply chain operation.
Introduction: Supply chain operation is useful to circulate goods from the time of production to the time of consumption which controls the supply and demand of products. Different factors such as integrated technology, information sharing, trust among trading partners, real-time information availability, etc. are important for successful supply chain operation because these factors are helpful to make products competitive and satisfy customers in the market.
(b)
To determine: The reason why the information sharing factor is critical for a successful supply chain operation.
Introduction: Supply chain operation is useful to circulate goods from the time of production to the time of consumption which controls the supply and demand of products. Different factors such as integrated technology, information sharing, trust among trading partners, real-time information availability, etc. are important for successful supply chain operation because these factors are helpful to make products competitive and satisfy customers in the market.
(c)
To determine: The reason why trust among trading partners is critical for a successful supply chain operation.
Introduction: Supply chain operation is useful to circulate goods from the time of production to the time of consumption which controls the supply and demand of products. Different factors such as integrated technology, information sharing, trust among trading partners, real-time information availability, etc. are important for successful supply chain operation because these factors are helpful to make products competitive and satisfy customers in the market.
(d)
To determine: The reason why real-time information availability is critical for a successful supply chain operation.
Introduction: Supply chain operation is useful to circulate goods from the time of production to the time of consumption which controls the supply and demand of products. Different factors such as integrated technology, information sharing, trust among trading partners, real-time information availability, etc. are important for successful supply chain operation because these factors are helpful to make products competitive and satisfy customers in the market.
(e)
To determine: The reason why event-response capability is critical for a successful supply chain operation.
Introduction: Supply chain operation is useful to circulate goods from the time of production to the time of consumption which controls the supply and demand of products. Different factors such as integrated technology, information sharing, trust among trading partners, real-time information availability, etc. are important for successful supply chain operation because these factors are helpful to make products competitive and satisfy customers in the market.
(f)
To determine: The reason why the procurement factor is critical for a successful supply chain operation.
Introduction: Supply chain operation is useful to circulate goods from the time of production to the time of consumption which controls the supply and demand of products. Different factors such as integrated technology, information sharing, trust among trading partners, real-time information availability, etc. are important for successful supply chain operation because these factors are helpful to make products competitive and satisfy customers in the market.
(g)
To determine: The reason why risk management is critical for a successful supply chain operation.
Introduction: Supply chain operation is useful to circulate goods from the time of production to the time of consumption which controls the supply and demand of products. Different factors such as integrated technology, information sharing, trust among trading partners, real-time information availability, etc. are important for successful supply chain operation because these factors are helpful to make products competitive and satisfy customers in the market.
(h)
To determine: The reason why the agility factor is critical for a successful supply chain operation.
Introduction: Supply chain operation is useful to circulate goods from the time of production to the time of consumption which controls the supply and demand of products. Different factors such as integrated technology, information sharing, trust among trading partners, real-time information availability, etc. are important for successful supply chain operation because these factors are helpful to make products competitive and satisfy customers in the market.
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OPERATIONS MANAGEMENT (LL) W/CONNECT
- Differentiate how the e-commerce sector is before and after the implementation of enterprise resource planning in supply chain management.arrow_forwardWhat are the three basic reasons supply chain managers need information?arrow_forwardWhy is information so important in supply chains? What are the challenges to the successful development and implementation of effective information? What is the role of technology and information management?arrow_forward
- how supply chain flows affect the success and failure of a companyarrow_forwardWhy is information so crucial in supply chains? What are the hurdles to the successful development and deployment of effective information?arrow_forwardExplain what impact will technology have on supply base innovation and risk management and will technology allow supply managers to spend more time on these two area?arrow_forward
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