– Timeliness refers to the delay between the occurrence of an activity and the recognition of that activity in the information system.
-Logistics information must be timely to provide quick management feedback.
-Timely information reduces uncertainty and identifies problems, thus reducing inventory requirements and increases decision accuracy.
-When a continuous physical product flow may exist such as “work in process” to “finished goods”, information system providing inventory status may be updated on an hourly, shift, or daily basis.
-Real time or immediate updates are timelier but result in increased record-keeping efforts.
53 Comments