Question: QUESTION 1 [ 2 0 ] The complexity and interconnected nature of todays supply chains makes them more prone to severe impacts from disruptions whether
QUESTION The complexity and interconnected nature of todays supply chains makes them more prone to severe impacts from disruptions whether from minor incidents like shipping or weather delays to more serious interruptions like those from a pandemic, cyberattacks or natural disasters. In response to disruptions, supply chain resilience has become a priority for enterprises. Supply chains need to be able to handle disruptive events without breaking. To manage that feat, they need to get better at collaboration. To resolve issues in the most efficient manner, supply chain teams should be able to share information with stakeholders and collaborate with the right people at the right time. To do that, they need the right tools and workflows in place to make that collaboration seamless across all parts of the supply chain. With this regard, Evaluate the benefits and challenges of fostering strong relationships among partners within the supply chain. Briefly discuss how collaborative efforts contribute to supply chain efficiency and innovation. QUESTION Choose two retail companies and: Compare and contrast Every Day Low Pricing EDLP and HighLow Pricing strategies in their retail chains. Discuss the advantages and disadvantages for strategies stated in for both retailers and consumers, and also the impact of these pricing strategies on consumer behaviour in the retail industry. QUESTION Since the beginning of the pandemic in the retail landscape has changed drastically and may perhaps never be the same. With over a hundred retail chains closing up shop, this economic change has impacted varying retail industries differently. Retailers discovered that to adapt to the changing retail landscape, they must ensure a unified customer experience across platforms. With this regard, Describe the impact of omnichannel retailing on supply chain management and logistics Discuss how retailers manage inventory, order fulfilment, and lastmile delivery to meet the demands of omnichannel customers.
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