CH 7 Supply Chain Management and the eMarketplace

CH 7 Supply Chain Management and the eMarketplace - Supply...

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Unformatted text preview: Supply Chain M anagement & the e-M ar ketplace Supply Chain Management & the e-Marketplace SCM is defined as the planning and control of the flow of goods and services, information, and money through the supply chain from the acquisition of raw materials to the final product in the hands of the customer. Through SCM, customers and suppliers can partner each other to maximize responsiveness and flexibility in business while eliminating paperwork and cost. SCM monitors the flow of information between partners (consumers, retailers, distributors, carriers, manufacturers, suppliers) in the supply chain. A moment of information occurs when the company gets information from the customer about demand. Information on consumer purchases updates sales forecasts, triggers requests for on-hand inventory, and generates production schedules needed to fulfill future customer requirements. Supply Chain Management & the e-Marketplace Cross-docking is an innovative strategy in which merchandise moves directly from inbound trucks to outbound trucks, without being stored at the distribution center. For the supply chain to work, the information must be timely and must be shared by demand chain partners. Information which needs to be shared among supply chain partners are:- Consumers Retailers Distributors Carriers Manufacturer s Suppliers Demand (forecast) On-hand inventory On-hand inventory In-transit inventory On-hand inventory On-hand inventory Consumer sales data (POS) Retailers orders Planned shipments Material production schedule Material production schedule Shipping notices Delivery schedules Actual production completed Actual production completed Distributors orders Manufacturer s orders Shipping notices Shipping notices Supply Chain Management & the e-Marketplace SCM software provides information to translate sales transactions into production processes and material requirements . Impact of SCM in Productivity...
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CH 7 Supply Chain Management and the eMarketplace - Supply...

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