What is meant by “supply chain visibility”?

Supply chain visibility refers specifically to the ability to track and monitor products as they move through various stages of the supply chain. This means having real-time access to information about inventory levels, order statuses, transportation conditions, and any interruptions that may occur during the supply chain process. Effective supply chain visibility enables companies to respond more quickly to changes, optimize resources, enhance coordination among stakeholders, and improve overall efficiency.

In contrast, the other options address different aspects of supply chain management. Focusing on the total number of suppliers lacks context about their interaction in the supply chain. The speed of product transportation is an important factor but does not encompass the broader scope of monitoring and tracking throughout all supply chain processes. Lastly, while the cost of logistics operations is a significant consideration, it does not relate directly to the ability to see or monitor the flow of goods and information within the supply chain.