How does supply chain innovation contribute to competitive advantage?

• A.Increasing market stagnation
• B.Reducing process improvements
• C.Limiting market reach
• D.Driving efficiency and differentiation

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Identify the benefit of using machine learning in supply chain management.

• A.Enhancing predictive analytics and decisionmaking
• B.Reducing data insights
• C.Increasing manual processes
• D.Limiting technology use

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How can companies achieve supply chain resilience?

• A.By ignoring market trends
• B.By eliminating all suppliers
• C.By centralizing all operations
• D.By building flexible and adaptable supply chain processes

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Which of the following best describes supply chain agility?

• A.Increasing production lead times
• B.Reducing process automation
• C.Ability to quickly adapt to changes in demand and supply
• D.Inflexibility to market changes

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What role does inventory optimization play in supply chain management?

• A.Limiting inventory turnover
• B.Increasing holding costs
• C.Balancing inventory levels to meet demand while minimizing costs
• D.Decreasing inventory accuracy

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