Practice Quiz

Supply Chain Management

Category - SRM

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What best describes the objective of “supply collaboration”?
  1. To ensure a common plan across the supply chain.
  2. To ensure a common shipment through suppliers.
  3. To negotiate logistics and shipment costs.
  4. None of these.
Explanation
Answer: A - Once an agreement is established between the enterprise and the supplier, supply chain performance can be improved by collaborating on production plans forecasts, and inventory levels. The objective of collaboration is to ensure a common plan across the supply chain.
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