Question

How does supply chain integration impact the effectiveness of price analysis in Agribusiness, and what challenges may arise in implementing integrated supply chain strategies?

A Increased efficiency: Communication barriers Correct Answer Incorrect Answer
B Cost reduction: Overemphasis on centralized control Correct Answer Incorrect Answer
C Improved data accuracy: Increased flexibility Correct Answer Incorrect Answer
D Enhance market responsiveness: Limited product traceability Correct Answer Incorrect Answer

Solution

By integrating the supply chain, businesses can potentially reduce costs through economies of scale, optimized inventory management, and reduced waste. However, an overemphasis on centralized control can lead to bottlenecks and reduce flexibility. Centralized control might mean slower response times to changes in market conditions or price fluctuations, which can be vital in Agribusiness where perishability and seasonality play significant roles.

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