Asked by Aiden Kravitz on Jun 03, 2024
Verified
The degree of supply chain responsiveness should be consistent with the implied uncertainty.
Supply Chain Responsiveness
The agility of a supply chain in adapting and responding to changes in demand, supply, and other external factors.
Implied Uncertainty
The level of risk or doubt inherent in decision-making due to lack of precise information.
- Discern the outcomes of supply chain's reactiveness to uncertainties in supply and demand dynamics.
Verified Answer
ZK
Zybrea KnightJun 05, 2024
Final Answer :
True
Explanation :
If the level of uncertainty in the supply chain is high, then a high degree of responsiveness is necessary to quickly adapt to changes and mitigate risks. On the other hand, if the level of uncertainty is low, then a lower degree of responsiveness may be sufficient, as the risks of disruption are lower. Therefore, the degree of supply chain responsiveness should align with the level of uncertainty to effectively manage the supply chain.
Learning Objectives
- Discern the outcomes of supply chain's reactiveness to uncertainties in supply and demand dynamics.
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