Five Pillars – Part 3 – Cash Flow – Information
he product flow defines the movement of the product to the distributors or any return goods from customers back to the company. Information flow involves the updating the order status and also the delivery of goods status. It helps in tracking the status and position of the good.
Since nowadays, supply chain is coordinated through software; there are two types of software that are being widely used. One is for planning the supply chain, which uses highly advanced algorithm to determine the best way of booking order. Execution application software will help in tracking the physical status of the goods, materials and departments concerned with it like finance, etc.