Final answer:
An integrated, networked supply chain management system offers benefits such as increased productivity, reduced costs, and improved visibility.
Step-by-step explanation:
An integrated, networked supply chain management system offers several benefits:
- Increased productivity: By integrating different parts of the supply chain and networking them together, companies can streamline their operations and improve efficiency, leading to increased productivity.
- Reduced costs: With an integrated system, companies can optimize inventory levels, track shipments in real-time, and improve coordination between suppliers and customers, resulting in cost savings.
- Improved visibility: A networked supply chain management system provides real-time visibility into inventory levels, demand, and production, allowing companies to make informed decisions and respond quickly to changes in the market.