Question

How would a deep understanding of supply chain execution and stronger capabilities in execution allow companies to make better supply chain planning decisions? Please be specific. For example, how would a better understanding of execution lead to better inventory-management decisions?

Answer 1

Explanation:

A supply chain can be defined as the management of an integrated business network as people, activities, resources and information whose objective is to transport the product or service from suppliers to the customer.

Management must take place strategically, so that the product or service reaches the customer in the right way, in the right quantity and at the right time. Therefore, it is ideal for companies to seek knowledge of each stage of the chain's execution to achieve advantages such as reduced costs and losses.

An effective strategy would be to implement technological systems for tracking and monitoring cargo transports to prevent fraud and obtain greater control over activities.