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To control and enhance the capabilities of companies within a supply chain, well-designed performance measurement systems must be implemented. true or false

User Graza
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Final answer:

It is true that performance measurement systems are essential for enhancing supply chain capabilities. These systems, combined with the advancement of technology, policies, and labor rights, contribute to supply chain stability and performance, including the transfer of knowledge.

Step-by-step explanation:

It is true that to control and enhance the capabilities of companies within a supply chain, well-designed performance measurement systems must be implemented. These systems are crucial for monitoring and improving the efficiency, effectiveness, and sustainability of the supply chain. Advancements in technology, transportation methods, and policies play significant roles in addressing supply chain issues.

Furthermore, by sharing technology and improving national and international labor policies, companies can ensure their workforce is more invested and protected, which contributes to supply chain robustness. The complexity of measuring the full gains from trade, including consumer benefits from product variety and competition, should be acknowledged. Trade also involves a crucial transfer of knowledge, which includes skills in production, technology, management, finance, and law, contributing to overall supply chain performance.

User Sid Holland
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