ExamGecko
Question list
Search
Search

List of questions

Search

Question 284 - CSCP discussion

Report
Export

Which of the following actions is most likely to improve the flow of funds between a group of supply chain partners?

A.
Increasing the level of information sharing and collaboration
Answers
A.
Increasing the level of information sharing and collaboration
B.
Negotiating a single set of terms for the trading partners
Answers
B.
Negotiating a single set of terms for the trading partners
C.
Increasing a partner's cash-to-cash cycle time
Answers
C.
Increasing a partner's cash-to-cash cycle time
D.
Selecting a single currency for all group transactions
Answers
D.
Selecting a single currency for all group transactions
Suggested answer: A

Explanation:

Improving the flow of funds between supply chain partners can be significantly influenced by enhanced information sharing and collaboration. By increasing transparency and communication, partners can better coordinate their financial and logistical operations, reducing delays and inefficiencies. This cooperation can lead to more accurate forecasting, optimized inventory management, and smoother payment processes, ultimately improving the financial fluidity within the supply chain. Options B, C, and D address specific aspects of financial management but do not have as broad or fundamental an impact as improved information sharing and collaboration.

Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2008). Designing and Managing the Supply Chain: Concepts, Strategies, and Case Studies.

https://www.supplychainquarterly.com

asked 16/09/2024
Saphronia Yancey
36 questions
User
Your answer:
0 comments
Sorted by

Leave a comment first