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A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
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Question 261 - CSCP discussion

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An organization is striving to improve the transfer of multiple levels of data about products and services to trading partners in the supply chain network. Which of the following solutions is most appropriate?

A.
Business analytics
Answers
A.
Business analytics
B.
Electronic commerce
Answers
B.
Electronic commerce
C.
Enterprise resources planning (ERP)
Answers
C.
Enterprise resources planning (ERP)
D.
Advanced planning and scheduling (APS)
Answers
D.
Advanced planning and scheduling (APS)
Suggested answer: B

Explanation:

Improving the transfer of multiple levels of data about products and services to trading partners can be effectively achieved through electronic commerce (e-commerce) for the following reasons:

Real-time Data Sharing: E-commerce platforms enable real-time sharing of product information, inventory levels, and transactional data with trading partners.

Integration: E-commerce systems can integrate with other enterprise systems, facilitating seamless data flow across the supply chain.

Standardization: E-commerce often uses standardized data formats, making it easier to communicate and understand information between different parties.

Accessibility: Data can be accessed from anywhere, improving coordination and decision-making across the supply chain network.

Turban, E., King, D., Lee, J. K., Liang, T.-P., & Turban, D. C. (2015). Electronic Commerce: A Managerial and Social Networks Perspective. Springer.

Laudon, K. C., & Traver, C. G. (2020). E-commerce 2020: Business, Technology, Society. Pearson.

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asked 16/09/2024
Franckline Dormeus
44 questions
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