With APA referencing style 6th edition citations discuss the concept of supply chain visibility and it's relevance in supply chain management?
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Apr 2
Supply chain visibility is the ability to track and monitor the movement of products and information throughout the supply chain in real-time. It involves the use of technology and data analytics to provide transparency and insight into the various stages of the supply chain, from raw material sourcing to final product delivery.
According to Chopra and Meindl (2007), supply chain visibility is crucial in supply chain management as it allows companies to identify potential bottlenecks, delays, and inefficiencies in the supply chain. By having a clear view of the entire supply chain, companies can make informed decisions, optimize processes, and improve overall performance.
Lambert and Cooper (2000) argue that supply chain visibility enables companies to respond quickly to changes in demand, supply disruptions, and market trends. It also helps in building stronger relationships with suppliers and customers by fostering trust and collaboration.
Furthermore, Christopher (2016) emphasizes the importance of supply chain visibility in enhancing risk management and resilience. By having real-time visibility into the supply chain, companies can proactively identify and mitigate risks, such as supplier failures, natural disasters, and geopolitical issues.
In conclusion, supply chain visibility is a critical aspect of supply chain management that can drive operational efficiency, improve decision-making, and enhance overall performance. Companies that invest in technology and tools to achieve supply chain visibility are better positioned to adapt to changing market conditions and gain a competitive edge in the global marketplace.