Tactical information sharing offers the best opportunity for improving supply chain performance.


  • Q35:

    ___________ combines technology with manual employee effort to identify trends,perform comparisons,and highlight opportunities in supply chain processes,even when large amounts of data are involved. a.Data mining b.Supply chain analytics c.Benchmarking d.Third-party logistics

  • Q36:

    In a(n)___________ approach,all relevant software applications are provided by a single vendor. a.single integrator b.best-of-breed approach c.customer-centric d.information outsourcing

  • Q37:

    Which of the following is not a term for a long-term mutually beneficial supply chain agreement? a.partnerships b.third-party arrangements c.coopetition d.contract logistics

  • Q38:

    The general idea behind ___________ is that one company allows a specialist company to provide it with one or more logistics functions. a.supply chain management b.multichannel marketing c.third-party logistics d.cross-organizational collaboration

  • Q39:

    Which of the following is not a barrier to supply chain management? a.regulatory and political considerations b.lack of top management commitment c.reluctance to share,or use,relevant data d.use of supply chain facilitators

  • Q41:

    Relational changes cannot be successful without information sharing among various participants.

  • Q42:

    A willingness to share information and buying decisions based on value rather than cost or price are two characteristics of supply chain partnerships.

  • Q43:

    With respect to supply chains,relevancy focuses on an organization's ability to respond to changes in demand with respect to volume and variety.

  • Q44:

    A primary objective of supply chain management is to optimize the performance of the supply chain as a whole.

  • Q45:

    Customers can be a potential value co-creator of supply chain activities.

What is the benefit of information sharing in the supply chain?

Information sharing is a vital aspect of coordination amongst parties in a supply chain. Information sharing can increase supply chain efficiency by reducing inventories and smoothing production.

How can the performance of a supply chain be improved?

Optimize stock control. Avoid inventory stockouts. Set automatic reorder points. Improve demand forecasting.

How can information technology be used to improve the supply chain efficiency and effectiveness?

With computerized product management, RFID chips and a barcode system provide increased visibility that can substantially improve your supply chain efficiency by detecting any order anomalies as they occur — enabling employees to immediately correct mistakes and reduce errors.

How information technology can improve supply chain?

5 Ways Tech Can Improve Your Supply Chain.
Create a proactive supply chain by enhancing end-to-end visibility. ... .
Identify and build relationships with a diverse portfolio of suppliers and vendors. ... .
Manage a complex supplier network to be responsive in real time. ... .
Quickly note warning signals, solve issues and forecast problems..