Question
Your company is one of the largest player in the light of the large variety and large amounts of products, your company has adopted the many supplier strategy for sourcing some modules/components The CEO understands the safety of toys and any issue with quality can be detrimental. Last year, your company has collaborated with a tech firm that provides the block-chain technology . When it comes to different data received, which one of the following would you consider most important? Data about the origins and authenticity of modules/components Data about the volume of sales across product variety Data about future demands for your products Data showing whether the production lines in different countries are running efficiently
Answer
4.5
(236 Votes)
Julian
Elite · Tutor for 8 years
Answer
A
Explanation
The question asks for identifying important data to consider amidst having a many-supplier strategy for sourcing modules/components, presence of block-chain technology collaboration and important factor as toy safety, in the context of a large variety company . Here our valuable data criteria should be based more towards components quality, safety and origin to Lends coherence to many supplier strategy & block chain implementation benefits let's assess each option in this view:Option A: "Data about the origins and authenticity of modules/components" is quite crucial given the focus on toy safety and maintaining its quality standard. A disclosure issue can either skyrocket the costs or severely affect brand reputation. As such, Authenticity and origin insights can make full use of block-chain security measures as well. Option B: "Data about the volume of sales across product variety" is more about sales effectiveness, While it's important, it will not necessarily aid in evaluating Module/component safety and quality which is an explicit concern in this scenario.Option C: "Data about future demands for your products" is valid data for assessing company performance & for Highlighting potential risk/revenue segments but in the existing scenario option A Data has stronger imperatives related to block-chain collaboration and multi-supplier strategy. Option D: "Data showing whether the production lines in different countries are running efficiently" cover a larger area concerning supply chain, logistics and operations. While much helpful for production and profit margins, doesn't particularly harmonizes with available scenario facts. In this scenario, it's clear that taking block-chain technology in place, a company adopting many supplier strategy and being in highly reputation at risk industry like toys, tracking and assessing "Data about the origins and authenticity of modules/components" would be a straight-forward strategy. So, the best option is A