Asked by NAINA MISHRA on Jul 13, 2024
Verified
Which of the following has become critical for supply-chain managers to ensure reliability and keep costs down while simultaneously monitoring the overall operation of the global supply chain?
A) Split testing
B) Cognitive geography
C) Virtual reality
D) Data analytics
Data Analytics
Data analytics encompasses the techniques and processes used to examine and analyze datasets to uncover trends, patterns, and insights, often for the purpose of making better decisions.
- Acquire knowledge on how data analytics critically influences supply chain optimization and better decision-making.
- Acquire knowledge on the role of big data in the surveillance and advancement of supply chain effectiveness.
Verified Answer
TH
Trang HoàngJul 18, 2024
Final Answer :
D
Explanation :
Data analytics has become essential for supply-chain managers to ensure reliability, manage costs, and monitor global supply chain operations effectively. It allows for the analysis of vast amounts of data to optimize logistics, predict trends, and make informed decisions.
Learning Objectives
- Acquire knowledge on how data analytics critically influences supply chain optimization and better decision-making.
- Acquire knowledge on the role of big data in the surveillance and advancement of supply chain effectiveness.