Supply Chain Management Definition and Solutions

Onc e employ ees unders tood that they would be

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Unformatted text preview: ric tly with their own data. The s upplier had to fine-tune the s y s tem its elf then work on rees tablis hing employ ees ' c onfidenc e. Onc e employ ees unders tood that they would be merging their ex pertis e with the s y s tem's inc reas ing ac c urac y , they began to ac c ept and us e the new tec hnology . W hat is s upply c hain management? W hat does s upply c hain s oftware do? W hat is the relations hip between ERP, CRM and SCM? W hat is the goal of s upply c hain management s oftware? W hat is s upply c hain c ollaboration? W hat are the roadbloc k s to ins talling s upply c hain s oftware? W hat is the ex tended s upply c hain? W hat is the impac t of globaliz ation on the s upply c hain? How has radio frequenc y identific ation (RFID) tec hnology affec ted the s upply c hain? W hat is the impac t of res pons ible s ourc ing, environmental s us tainability and the "green" movement on the s upply c hain? W hat effec t are on-demand s oftware and s oftware-as -a-s ervic e (SaaS) produc t offerings having on s upply c hain management? What is the e xte nde d supply chain? The ex tended s upply c hain is a c lever way of des c ribing every one who c ontributes to a produc t. So if a c ompany mak es tex t book s , then its ex tended s upply c hain would inc lude the fac tories where the book s are printed and bound, the c ompany that s ells the paper, the mill where that s upplier buy s their s toc k , and s o on. It is important for a c ompany to k eep trac k of what is happening in its ex tended s upply c hain bec aus e a s upplier or a s upplier's s upplier c ould end up having an impac t on y ou (as the old s ay ing goes , a c hain is only a s trong as its weak es t link ). For ex ample, a fire in a paper mill might c aus e the tex t book manufac turer's paper s upplier to run out of inventory . If the tex t book c ompany k nows what is happening in its ex tended s upply c hain it c an find another paper vendor. What is the impact of globaliz ation on the supply chain? Jus t in time manufac turing is n't the only way c ompanies have us ed their s upply c hains to reduc e c os t. Manufac turing in developing c ountries is s ubs tantially c heaper than in the United States bec aus e of the low c os t of labor. For ex ample, the hourly wage for China's manufac turing and produc tion work ers is les s than one dollar per hour. But foreign manufac turing brings with it another s et of c hallenges . It is n't as eas y to s et up real-time data s haring with a fac tory in, s ay , China as it is with a fac tory y ou own in the United States . And the s heer dis tanc e that overs eas goods need to travel—not to mention the number of ves s els they need to travel on— to reac h the U.S. inc reas es the c hanc e that they will get delay ed. The bottom line is that foreign manufac turing brings bac k a...
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