Efficient, Effective Supply Chains Are Fully Dependent on SCM Software

question 41

Multiple Choice

Efficient, effective supply chains are fully dependent on SCM software, which depends on __________.

• A) EFT
• B) ERP
• C) up-to-date and accurate data
• D) RFID

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Definitions:

Soviet Union

A former federal socialist state in Eastern Europe and Northern Asia, existing from 1922 until 1991, comprised of 15 republics and governed under a Communist regime.

International Banking

Banking activities that involve cross-border transactions, including foreign exchange, international loans, and managing investments across different countries.

Globalization

The method of engagement and amalgamation among individuals, corporations, and government bodies globally, frequently propelled by global commerce and finance, and supported by information technology.

Newly Industrialized Countries

Countries that have moved from primarily agricultural activities to mainly manufacturing and industrial activities, experiencing significant economic growth.