For Organizations That Do Not Have In-House Resources to Develop

question 65

Multiple Choice

For organizations that do not have in-house resources to develop a supply chain management (SCM) system,identify a vendor who offers comprehensive solutions for this purpose.

• A)SAP
• B)Computer Associates
• C)Microsoft
• D)Red Hat

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Definitions:

Environmental Scanning

The process of collecting, analyzing, and using information about trends, events, and relationships in an entity's external environment to assist in planning the entity's future course of action.

New-product Development Process

A series of steps that businesses follow to conceptualize, design, and bring a new product to the market, from initial ideation to commercialization.

Open Innovation

The practice of sourcing ideas, insights, and solutions from outside an organization to drive innovation.

Market Testing

The process of assessing the viability of a new product or service through controlled experiments with target markets before a full-scale launch.