Final answer:
The statement is true; managing supply chain visibility indeed entails ensuring that potential partners are informed of the organization's needs, fostering collaboration and improved efficiency.
Step-by-step explanation:
The question is whether it is true or false that managing supply chain visibility involves making sure that potential supply chain partners are aware of your organization's needs. This statement is true. Supply chain visibility is crucial for effectively managing the movement of goods, information, and finances from origin to destination. It includes ensuring that all partners in the supply chain are fully informed about various aspects including inventory levels, transportation, and scheduling requirements.
Furthermore, such visibility enables companies to respond to market changes rapidly, foster collaboration amongst partners, and improve overall efficiency. Advancements in technology play a significant role in enhancing supply chain visibility. For example, sharing new technologies with developing countries can streamline products' distribution. Additionally, companies should integrate strong labor policies that respect labor rights into their supply chains.