Supply chains can be grossly inefficient unless the companies in the supply chain can share data,collaborate,and respond to changes in demand and do so efficiently and quickly.

Question

Quizplus · Accepted Answer

This statement is true because without sharing data, collaboration, and quick responsiveness, supply chains can suffer from delays, excess inventory, and other inefficiencies that can impact the bottom line of all companies involved. By implementing effective communication and decision-making processes, supply chain partners can work towards maximizing efficiency and improving customer satisfaction.

Supply Chains Can Be Grossly Inefficient Unless the Companies in the Supply