What Is Supply Chain Visibility

question 50

Multiple Choice

What is supply chain visibility?

• A)views all areas up and down the supply chain in real time
• B)uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory
• C)ensures supply chain cohesion by automating the different activities of the supply chain
• D)occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain

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Definitions:

Production Sectors

The division of an economy into different groups or areas of production, such as agriculture, manufacturing, and services.

Planning Fallacy

The tendency for people and organizations to underestimate the time, costs, and risks of future actions and overestimate the benefits.

Bottlenecks

Points of congestion or blockage in a production process or system that lead to inefficiencies and delays.

Major Business Projects

Significant initiatives undertaken by businesses that involve considerable investment and are aimed at achieving specific strategic goals.