Sharing information is part of the coordination and collaboration requirement for successful value chain management.

Question

Quizplus · Accepted Answer

Sharing information among the different stages of the value chain is essential for coordination and collaboration, as it ensures that all stakeholders have access to the same information and can make informed decisions regarding production, logistics, and distribution. Without this sharing of information, there is a greater risk of inefficiencies, delays, and errors, which can harm the overall effectiveness of the value chain.

Sharing Information Is Part of the Coordination and Collaboration Requirement