Question

Effectively and efficiently applying technology to the supply management process will result in:

1. a decline in operating performance because of the volume of information to be analyzed and considered before making a decision.

2. poorer negotiation planning and preparation because of the time spent accessing and analyzing data.

3. an ability to reduce the total cost of doing business by enabling just-in-time systems, bar-coding applications, integrated manufacturing, and electronic funds transfers.

4. damaged buyer-supplier relationships because of the impersonal nature of electronic communication.

5. increased clerical effort because there is more data entry than in a manual system.

Answer 1

The correct answer is 3

Step-by-step explanation:

Supply management is the process or procedure which is a design and management of seamless, processes of value added across the boundaries of the organization in order to meet the needs and the requirements of the customer.

So, in order to apply the technology efficiently and effectively to the process of supply management is an ability for reducing the aggregate cost of conducting the business through enabling the JIT (stands for Just in time) system ,EFT (Electronic Funds Transfers).