Investment in SCM tools is being driven by the need for firms to sense,respond,and execute on demand across multiple functional silos and enterprises.

Question

Quizplus · Accepted Answer

Investment in SCM (Supply Chain Management) tools is being driven by the need for firms to have greater agility and flexibility in their supply chain operations. This involves the ability to sense changes in demand and respond quickly to those changes by coordinating activities across multiple functional silos and enterprises. SCM tools such as demand planning, inventory optimization, and transportation management systems enable firms to achieve these objectives and drive better business outcomes.

Investment in SCM Tools Is Being Driven by the Need