Collaboration is a fundamental part of Supply Chain Management.

Question

Quizplus · Accepted Answer

Collaboration involves cooperation and information sharing among all supply chain partners, from suppliers and manufacturers to distributors and retailers, to effectively manage the flow of goods and services from the point of origin to the point of consumption. It enables organizations to increase efficiency, reduce costs, and improve customer satisfaction. Therefore, collaboration is an essential aspect of supply chain management.

Collaboration Is a Fundamental Part of Supply Chain Management