Which of the following is NOT a function performed by SCEM?

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Multiple Choice

Which of the following is NOT a function performed by SCEM?

Explanation:
In the context of Supply Chain Event Management (SCEM), the primary functions involve monitoring and managing supply chain activities to respond effectively to various events. Among the functions mentioned, negotiation does not typically fall under the purview of SCEM. SCEM focuses on measuring performance, notifying relevant parties about changes or events, and simulating scenarios to predict outcomes or evaluate different strategies. Measuring helps organizations track performance indicators, notifying ensures that all stakeholders are informed of any significant changes, and simulation allows for the exploration of how different decisions may impact the supply chain. In contrast, negotiation is more associated with the interpersonal activities between parties, such as suppliers and buyers, rather than the management and event handling aspect that SCEM covers. Therefore, identifying negotiation as a non-function of SCEM accurately reflects the focus of SCEM on event management rather than the relational or bargaining processes found in supply chain interactions.

In the context of Supply Chain Event Management (SCEM), the primary functions involve monitoring and managing supply chain activities to respond effectively to various events. Among the functions mentioned, negotiation does not typically fall under the purview of SCEM.

SCEM focuses on measuring performance, notifying relevant parties about changes or events, and simulating scenarios to predict outcomes or evaluate different strategies. Measuring helps organizations track performance indicators, notifying ensures that all stakeholders are informed of any significant changes, and simulation allows for the exploration of how different decisions may impact the supply chain.

In contrast, negotiation is more associated with the interpersonal activities between parties, such as suppliers and buyers, rather than the management and event handling aspect that SCEM covers. Therefore, identifying negotiation as a non-function of SCEM accurately reflects the focus of SCEM on event management rather than the relational or bargaining processes found in supply chain interactions.

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