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3v's of SCM
3v's of SCM
Volume. Maximizing throughput at existing facilities is the most effective and efficient infrastructure to handle growth. Tools to help manage high volumes include warehouse management software, materials handling equipment, and access control systems. Velocity. Businesses can compress their shipping and delivery cycles and improve overall agility or speed of response by implementing information-sharing tools and enterprise resource planning software. Visibility. While real-time shipment status information is vital in the global supply chain, process visibility is equally important to identify and resolve systemic problems. Identification tools such as RFID and bar codes; position detection systems; and container security devices all play a role in providing visibility.