Information is potentially the biggest driver of performance in the supply chain as it directly affects each of the other drivers.

Question

Quizplus · Accepted Answer

Information is crucial in supply chain management as it enables efficient coordination and communication among the different components and stakeholders. It impacts the other drivers such as cost, quality, time, and responsiveness by providing visibility, transparency, and accuracy. Without proper information, the supply chain may experience inefficiencies, delays, errors, and redundancies, which can affect customer satisfaction, profitability, and competitiveness. Therefore, managing information effectively can enhance supply chain performance and create value for all parties involved.

Information Is Potentially the Biggest Driver of Performance in the Supply