Which of the following is the key benefit obtained by using technology in supply chain?
Which of the following is the key benefit obtained by using technology in supply chain?
The key benefit obtained by using technology in the supply chain is that invoicing and payment can be done online, which directly improves the cash-to-cash cycle time. This is a crucial aspect for businesses as it accelerates the financial process, ensuring quicker payment and better cash flow management. Other options, though beneficial, do not impact the supply chain as significantly in terms of financial efficiency and operational speed.
Cash to cash cycle time improvement Page 1-181
Invoicing and payment can be done online, improving cash-to-cash cycle time.
The key benefit obtained by using technology in the supply chain is: **B. Business can quickly tailor their service to customer expectations** ### **Explanation:** Technology enables **real-time data sharing, analytics, and automation**, allowing businesses to: - **Respond dynamically** to customer demands (e.g., personalized orders, faster adjustments). - **Enhance agility** (e.g., adapting to trends, disruptions, or custom requests). - **Improve customer satisfaction** through tailored solutions (the ultimate goal of supply chain tech).