Supply chain velocity refers to
A) how fast the transportation vendor is
B) how fast the company pays the supply chain vendors
C) how fast the purchasing department responds to a request
D) the speed at which a product moves through a pipeline from the manufacturer to the customer
E) the speed at which the warehouse is able to crossdock a shipment

Question

Quizplus · Accepted Answer

Supply chain velocity measures the speed at which a product moves through the pipeline, from the manufacturer to the customer, encompassing various stages such as procurement, production, distribution, and delivery. It is an essential aspect of supply chain management as it ensures the timely delivery of products to customers, reduces inventory costs, and improves the overall efficiency of the supply chain. Options A, B, C, and E do not accurately describe supply chain velocity.

Supply Chain Velocity Refers to