What Is Supply Chain Event Management (SCEM)

question 66

Multiple Choice

What is supply chain event management (SCEM) ?

• A) Enables an organization to react more quickly to resolve supply chain issues
• B) Applies technology to the activities in the order life cycle from inquiry to sale
• C) Allows an organization to reduce the cost and time required during the design process of a product
• D) Helps organizations reduce their investment in inventory while improving customer satisfaction through product availability

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Definitions:

Retrenchment

A strategic reduction of business activities or workforce by a company to cut expenses and stabilize financially.

Turnaround Strategy

A set of actions taken by a company in an attempt to reverse a period of decline or poor performance.

Outplacement Counseling

Support services provided by organizations to help former employees transition to new jobs, offering career guidance, resume advice, and interview preparation.

Differentiation Strategy

A business approach where a company seeks to be unique in its industry along some dimensions valued by customers.