Basics of Supply Chain
Supply chain management (SCM) is involves the management of
information flows between and among stages in a supply chain to maximize total
supply chain effectiveness and profitability.
Information Technology's Role in the Supply Chain
Visibility
- supply chain visibility is the ability to view all areas
up and down the supply chain.
Consumer behaviour
- the behaviour of customers has changed the way business
compete. Demand planning software generates demand forecasts using statistical
tools and forecasting technique.
Competition
- supply chain planning (SCP) software using advanced
mathematical algorithms to improve the flow and efficiency of the supply chain
while reducing inventory.
- supply chain executives (SCE) software automates the
different steps and stages of the supply chain.
Speed
- during the past decade, competition has focused on speed.
- new forms of serves, telecommunications, wireless
application, and software are enabling companies to perform activities that
were once never though possible.
- these systems raise the accuracy, frequency, and speed of
communication between suppliers and customers, as well as between internal
users.
Supply Chain Management Success Factors
- Make the sale to suppliers
- Wean employees off traditional business practices
- Ensure the SCM systems supports the organizational goals
- Deploy in incremental phases and measure and communicate success
- Be future oriented
No comments:
Post a Comment