Information Velocity

Just-in-time
Knowledge Center

Forum

New Topic

Rhoda Buunaaim
Student (MBA), Ghana

Information Velocity

Why is information velocity important in supply chain management?

  Eric Schmitz
Consultant, Belgium
 

Information Velocity

Information velocity = the rate at which information is communicated in a supply chain.
In order to avoid the famous Bullwhip Effect, information throughout the whole supply chain has to be updated when needed.
Be careful: not only velocity is an issue; surely accuracy and understanding data are as relevant.

  Sabari
Analyst, India
 

Information Velocity

One of the important parameters which flows across supply chain along with product and money is information. Only if the demand from customer is known (information) any company can implement pull mode of supply chain. Now through EDI communication the lead time can be further reduced. In this era of lean manufacturing inventory can be replaced with information.

Participate and leave a comment
Exchanging your ideas stimulates your personal and professional development. And you can help other people! Please motivate your point of view. You can still edit your comment for 3 hours.

Start a new forum topic

 

More on Just-in-time
Summary
Forum
Combining JIT and Outsourcing
Single Minute Exchange of Dies
How to Reduce the Vendor Risks with Just-in-Time ?
Can Just-in-Time Work Without Kanban?
Experiences with Including Purchased Parts in Kanban
Importance of Inventory Velocity
Classification of Lean Tools
Just-in-time Needs Flexibility
Kanban and Procurement Planning
Sustainable Business Approach after Years of JIT
The Impact of JIT on the Organization of Production Planning
JIT in Variable Marketplaces
🔥List of Barriers to Just-in-Time | Barriers to JIT
Customer Support in Just in Time is Needed
Information Velocity
Poka Yoke - Explanation
Disadvantages of JIT
JIT is Playground for Big Companies
Intent of Just in Time
Best Practices
Definition of Just-in-time
Assumptions of Just-in-time (JIT)
The Principles of Lean
Lean Manufacturing Tools for Beginners
Just-in-time: Problematic or Possible?
Lean and JIT Manufacturing
Special Interest Group

Are you interested in Just-in-time? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this discussion

Copy this HTML code to your web site:

Just-in-time
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 13-5-2021. All names of their owners.