Question: Question 2 (30 marks) The evolution of technology has provided a new environment in the form of a Private Industrial Network for B2B applications. This

Question 2 (30 marks) The evolution of technology has provided a new environment in the form of a Private Industrial Network for B2B applications. This would allow more seamless transactions and better coordination amongst different businesses within the supply chain. The CEO of your organization has been approached by his fellow peers to consider forming a Private Industrial Network with the other entities in the supply chain network. Your CEO has approached you for advice. (a) Explain in depth what a Private Industrial Network is and what are the key benefits in forming a Private Industrial Network. What are the drawbacks to investing in such a platform? (20 Marks) (b) Provide relevant actual examples where a Private Industrial Network has been utilised and explain what are the results/consequences of such investment (10 Marks)

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