FACTORS AFFECTING THE INFORMATION SHARING IN SUPPLY CHAIN MANAGEMENT

Abstract

The Coordination between all the participants in a supply chain is greatly aided by the information exchange. Sharing information can increase the supply chain efficiency by lowering stocks and smoothing output, making it one of the most efficient ways to improve performance. The need for efficient information exchange across organisations with various objectives and viewpoints makes its implementation in practise difficult. The appropriate information must be shared with the desired people at the desired time, with the desired level of detail, in the desired context, and in the desired language. Any lapse in these areas could result in a breakdown in information exchange, which would be detrimental to the effectiveness of the supply chain. Due to the fact that there is currently more rivalry between individuals than between the supply chains, enhancing the supply chain efficiency is so much important. The extent and importance of information sharing are both discussed in this review along with the effects on supply chains. While, highlighting all the potential advantages of information sharing, the article also reflects out that these are the advantages which might not be distributed fairly across the parties and consumers. The analysis suggests a number of research problems that call for additional investigation in the all of surrounding of the information exchange in supply chains using these two viewpoints.