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Data processing and information management models

Data processing in modern supply chains should be organised so as to follow the 3V principle (visibility, velocity, versatility) in supply chain management, i.e. assure transparency, speedy action and universality. [Pg.166]

Visibility is focused on resources and, in particular, inventories (inventory visibility). This means that resources are visible in the supply chain and can be noticed from any link, thus making it possible to monitor the inventory level in the entire supply chain. Velocity means the capacity to meet needs (fulfilment velocity) or fulfil a contract in a short time. Versatility consists in the capacity to collaborate with suppliers and purchasers when faced with various terms of delivery (coordination versatility). These are the three pillars of adaptive supply chains. According to Ivanov, Sokolov and Kaeschel (2010, p. 411), a supply chain may be called adaptive if it can adapt to  [Pg.167]

Service-oriented computing, a concept based on service-oriented architecture, is targeted at better connecting business processes with the ICT resources available in an organisation over a dispersed environment. This [Pg.167]


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