The influence of the supply chain network can enable an organisation to benefit from increasedabsorptive capacity. What is meant by 'absorptive capacity'?
A.
agility within the organisation to respond quickly to change
B.
the capability to deal with fluctuations in prices
C.
the capacity to work with a larger volume of supply network partners
D.
the ability to apply new information and add value to the organisation
Absorptive capacityis the organisation’s ability torecognise, assimilate, and apply new knowledgefrom external partners to improve performance and add value.
[Reference:CIPS L5M8 Study Guide, p.29., ]
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