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Transparency across the value chain is important for faster response.
Improving responsiveness in the supply chain involves the entire value chain – from vendors till customers and all the other value partners. While a lot has been written on value chain transparency, my experience with companies across various industry sectors indicates that it is mostly restricted to cost transparency and demand sharing.
An important point that often gets missed out is the transparency of plans and actions. In a connected enterprise, the relevant partners should know what other partners are planning and the specific actions taken by them. If these are not shared transparently, responsiveness would suffer.
A well-crafted Demand Driven Supply Chain has the plan and action transparency built into the design itself for better response to the evolving demand patterns and smooth execution.