What is meant by learning curve improvements

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Question: According to "New Study on Collaborative Execution Finds Supply Chain Collaboration Can Improve Operational Metrics by 50 Percent or More" (2012), By a ratio of nearly two to one, supply chain professionals agreed that one of the biggest barriers to successful collaboration is a slow issue resolution process. This was identified as a systemic problem related to quality of information flow, in terms of both the granularity (level of detail) and timeliness of data shared. And 92 percent of respondents agreed that rapid problem resolution was part of good collaboration. True collaboration can be defined in terms of speed, both in problem solving and in organizational learning. More than half of the responses indicated that speed of response in truly collaborative relationships was twice as fast or faster, with learning curve improvements more than 50 percent greater than in non-collaborative trading partner relationships. (See Chapter 10 Link Library for https://e2open.com/news/article/new-study-on-collaborative-execution-findssupply-chain-collaboration-can-improveoperational-metrics-by-50-percent-or-more/).

a. Discuss why supply chain partners may not be able to resolve issues quickly. Consider information flows in your discussion.

b. What might be the impacts on the supply chain of slow problem (issue) resolution?

c. Based on your answer to (a), discuss which enterprise systems could speed up problem resolution.

d. What is meant by learning curve improvements?

Reference no: EM131681725

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