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
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:
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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.
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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.
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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.
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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.
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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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