Capterra Glossary
SCIV (Supply Chain Inventory Visibility)
SCIV is an inventory management term that refers to tracking and viewing inventory levels across all nodes in a supply chain. This includes the manufacturing, distribution, and retail stages. The benefits of SCIV include improved efficiency through better planning and reduced costs due to less waste.
What Small and Midsize Businesses Need to Know About SCIV (Supply Chain Inventory Visibility)
Businesses can benefit from SCIV by seeing where their inventory is at all times, which allows them to make better decisions about what products to produce and sell, as well as when and where to distribute them. SCIV also helps businesses identify areas of inefficiency within their supply chain to improve overall performance. While larger businesses/enterprises are most likely to implement SCIV, smaller companies that implement it can benefit from having a more reliable pipeline and decreasing purchase costs.
Related Terms
- Enterprise Resource Planning (ERP)
- Procurement
- Total Cost of Ownership (TCO)
- Vendor
- Supply Chain Planning (SCP)
- Telematics
- Senpai
- Vendor Management
- Value-Added Reseller (VAR)
- Bill of Materials (BOM)
- Supply Chain
- Smart Factory
- Scanner
- SCADA (Supervisory Control and Data Acquisition)
- Radio-frequency Identification (RFID)