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Information Velocity

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Just-in-time
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Rhoda Buunaaim
Student (MBA), Ghana

Information Velocity

Why is information velocity important in supply chain management?
 

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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.

 
0
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.

 

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

SIG Leader

Do you know a lot about Just-in-time? Become our SIG Leader

Knowledge Center

Just-in-time
Knowledge Center



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