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© BrainMass Inc. brainmass.com December 16, 2022, 1:58 pm ad1c9bdddf
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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 ...
This response discusses value of information for business and in the context of supply chain management.