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    Value of Information

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    Name some ways that information is valuable. Why is it vital in Supply Chain Management?

    Text book: Designing and Managing the Supply Chain by Simchi-Levi, Simchi-Levi and Kaminsky

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    Dear Student,

    Please find guidelines related to value of information in the attached file.

    The content below has been written to get you started on this assignment. This has been written to help you with this particular problem and its use is limited as such. The content of the solution must not therefore be passed on as your own work for grading or commercial purposes. You can also use the listed resources to explore your topic further.

    Good luck with your studies.


    Reena (106553)

    Value of Information
    Information drives high values for every business to maintain the relationship with external parties. As importance and usability grown the value of information has also greater impact to improve the decision making strategy for business. Basically, value of information is considered as a component of the decision making process. So, the decision making evaluation have significant role of value (Srinivas, 2015). At the same time, information is usable source to share the new things about the concurrent. Further, information is value for the ...

    Solution Summary

    This response discusses value of information for business and in the context of supply chain management.