Asked by Taylor Alexander on Jul 15, 2024
Verified
Full collaboration is the dynamic combination of:
A) buyers, sellers, retailers, and 3PLs.
B) buyers, sellers, retailers, 3PLs, and appropriate government agencies.
C) both vertical and horizontal collaboration.
D) buyers and sellers only.
Full Collaboration
An approach in which organizations work closely together in a deeply integrated manner, often involving shared objectives, resources, and decision-making.
Dynamic Combination
The process of integrating or combining different elements, resources, or systems in a flexible manner to respond to changing conditions or requirements.
Vertical and Horizontal Collaboration
Involves cooperative efforts among different levels within a supply chain (vertical) and among peers or competitors (horizontal) to achieve improved efficiency and performance.
- Ascertain and evaluate the numerous categories of collaborative efforts and their repercussions on supply chain effectiveness.
Verified Answer
FA
Frances AdamsJul 17, 2024
Final Answer :
C
Explanation :
Full collaboration involves both vertical and horizontal collaboration. Vertical collaboration involves collaboration between supply chain partners at different levels, such as manufacturers and distributors, while horizontal collaboration involves collaboration between partners at the same level, such as competitors. Full collaboration can lead to increased efficiency, reduced costs, improved communication, and better customer satisfaction. It also requires trust, transparency, and a willingness to share information and resources. Therefore, option C is the best choice because it includes both vertical and horizontal collaboration.
Learning Objectives
- Ascertain and evaluate the numerous categories of collaborative efforts and their repercussions on supply chain effectiveness.