Information is crucial to the performance of a supply chain because it provides the basis upon which supply chain managers make decisions.

Question

Quizplus · Accepted Answer

Information allows supply chain managers to track inventory levels, forecast demand, schedule production, manage transportation, and monitor supplier performance, among other things. Without reliable and timely information, supply chain managers would have difficulty making informed decisions and making adjustments in response to changing market conditions, customer preferences, or supply chain disruptions. Therefore, information is indeed crucial to the performance of a supply chain.

Information Is Crucial to the Performance of a Supply Chain