Question: Discuss the role of information in the supply chain and
Discuss the role of information in the supply chain and how it supports supply chain planning and execution.
Answer to relevant QuestionsWhat are XML and service-oriented architecture? Discuss how they are used to support supply chain technology improvement. Describe a supply chain information system in terms of its key elements, requirements, and capabilities. How can demand management help to unify channel members, help to satisfy customers, and solve customer problems? What events might occur when an organization is out of stock of a needed product? How might the cost of a stockout be calculated? Discuss the nature and importance of the four logistics-related elements of customer service.
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