Supply chain responsiveness matrix
Encyclopedia
A supply chain responsiveness matrix is a business
term used to describe a tool that is used to analyze inventory
and lead time within an organization.
The matrix is one of a number of Value Stream Mapping
tools
The matrix is represented by showing lead time
along the X- Axis and inventory along the y axis. The result shows where slow moving stock resides.
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
term used to describe a tool that is used to analyze inventory
Inventory
Inventory means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English...
and lead time within an organization.
The matrix is one of a number of Value Stream Mapping
Value Stream Mapping
Value stream mapping is a lean manufacturing technique used to analyze and design the flow of materials and information required to bring a product or service to a consumer. At Toyota, where the technique originated, it is known as "material and information flow mapping"...
tools
The matrix is represented by showing lead time
Lead time
A lead time is the latency between the initiation and execution of a process. For example, the lead time between the placement of an order and delivery of a new car from a manufacturer may be anywhere from 2 weeks to 6 months...
along the X- Axis and inventory along the y axis. The result shows where slow moving stock resides.