Chapter 2 - Chapter 2 Supply Chain M anagement Systems(SCM...

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Chapter 2 Supply Chain Management Systems (SCM) – IT system that automates tracking of inventory and information among business processes and across companies. Just-In-Time (JIT) – method of producing and delivering products designed to cut excess inventory and its associated warehousing costs while simultaneously stocking enough products to avoid losing sales – just the right amount. Inter-modal transportation – the use of multiple forms of transportation in the flow of products from origin to destination Strategic Opportunities of SCM 1. Fulfillment – ensuring the right parts come in the right quantity at the right time 2. Logistics – minimizing the cost of safe, reliable delivery 3. Production – ensuring productions lines have access to the parts they need when they need them in order to keep functioning smoothly 4. Revenue & Profit – ensuring sales are not lost due to empty shelves
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