Supply chains enabled through e-business links, such as the web and extranets, are called what?

Prepare for the CIMA Managing Finance in a Digital World (E1) Exam with quizzes, flashcards, and detailed explanations of each topic. Ensure success in your CIMA exam journey!

Multiple Choice

Supply chains enabled through e-business links, such as the web and extranets, are called what?

Explanation:
Supply chains connected through e-business tools like the web and extranets are described as a virtual supply chain. It means the chain operates as an integrated network of organizations with real-time information flow for demand, orders, and inventory, allowing partners to collaborate quickly regardless of location. This differs from broader ideas like a virtual company, which is about operating as a networked business, a system for internal management reporting, or a system focused on customer interactions. So the concept described is a virtual supply chain.

Supply chains connected through e-business tools like the web and extranets are described as a virtual supply chain. It means the chain operates as an integrated network of organizations with real-time information flow for demand, orders, and inventory, allowing partners to collaborate quickly regardless of location. This differs from broader ideas like a virtual company, which is about operating as a networked business, a system for internal management reporting, or a system focused on customer interactions. So the concept described is a virtual supply chain.

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