There are three (3) Vs of SCM strategy: Visibility, Velocity, and Variability.
Visibility means transparency, how to make the important information be visible by those of relevant parties or functions to make quick and better decisions.
Velocity is speed in performing transactions, when it would involve multi functions within the supply chain, the collective velocity is to measure the total cycle time. There should not be weakest link throughout the chains.
Variability has to be minimized through standardization and streamlining the processes, methods, forms, documents, materials, procedures, etc. to result simplicity of supply chain.
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