Supply Chain Volatility

Supply Chain Volatility refers to the inherent instability of key business parameters that modern supply chains are forced to adapt to on a regular basis. Using the coefficient of variation (CoV) as a scale-free measurement of volatility, supply chain practitioners can measure the ups and downs of a supply chain in tandem with shifts in commodity prices, commodity availability, and other factors which may impede the flow of materials and products through a supply chain.

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