Effective data acquisition for supply chain management requires:

Effective data acquisition for supply chain management involves identifying the proper supply chain profile for the product type. This means understanding the characteristics and requirements of the product, such as demand variability, lead times, and service level expectations, and aligning the supply chain processes accordingly. Different products may require different supply chain strategies, such as lean for stable products and agile for variable demand products. Accurate profiling helps in tailoring data acquisition and management practices to support efficient and responsive supply chain operations.

References:

Fisher, M.L. (1997). What Is the Right Supply Chain for Your Product? Harvard Business Review.

Christopher, M. (2016). Logistics & Supply Chain Management. Pearson.