ENTREPRENEURSHIP

Detailed explanation-1: -Supply chain visibility is the ability of stakeholders to access real-time data related to the order process, inventory, delivery and potential supply chain disruptions.

Detailed explanation-2: -Supply chain visibility is the ability to track different goods and/or products in transit, giving a clear view of the inventory and activity. It enables shippers to improve customer service and cost controls through management of inventory in motion, proactive status updates, limiting disruptions and risk mitigation.

Detailed explanation-3: -Supply chain visibility (SCV) is the ability to track individual components, sub-assemblies and final products as they travel from supplier to manufacturer to consumer. The scope-for example, are raw materials included, and will the item be tracked with forwards and backwards tracing-depends on the product.

Detailed explanation-4: -There are three types of main flows that happen in any supply chains: flow of materials/goods, flow of money/cash, and flow of information. There is a forward flow of materials/goods for the regular flow that happens all the way from higher tier suppliers (upstream) to the end-consumer (downstream).