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Simulation Tools used to ___________ how real‐time variability can impact supply chain performance and riska.judgeb.evaluatec.decided.analysis

Question

Simulation Tools used to ___________ how real‐time variability can impact supply chain performance and risk

a. judgeb. evaluatec. decided. analysis

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Solution

The simulation tools are used to evaluate how real-time variability can impact supply chain performance and risk. Here's a step-by-step explanation:

  1. Simulation tools are software applications that are used to imitate a real-world system or process. They are often used in supply chain management to create a virtual model of the supply chain.

  2. Real-time variability refers to the fluctuations that occur in the supply chain as it operates. This could be changes in demand, supply, costs, etc.

  3. The simulation tools can incorporate this real-time variability into their models. This means they can show how changes in different factors can affect the overall performance of the supply chain.

  4. By observing these effects in the simulation, one can evaluate the impact of real-time variability on the supply chain. This can help in identifying potential risks and areas for improvement.

  5. Therefore, the correct answer is b. evaluate. Simulation tools are used to evaluate how real-time variability can impact supply chain performance and risk.

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