critically discuss how the role of information technology would support companies in supply chain intensive industries and analyses the characteristics of information used in that technology.
critically discuss how the role of information technology would support companies in supply chain intensive industries and analyses the characteristics of information used in that technology.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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critically discuss how the role of information technology would support companies in supply chain intensive industries and analyses the characteristics of information used in that technology.
Expert Solution
Step 1: Meaning of information technology in supply chain-
In the supply chain, IT uses digital tools, software and systems to increase efficiency, operations and strategic efficiencies involved in the production, distribution and delivery of goods and services This affects enterprise resource planning (ERP), electronic data interchange (EDI), data analytics, internet of things (IoT), automation etc. Benefits of various technologies include Key objectives to streamline operations, improve communication and efficiency, and facilitate data-driven decision-making between supply chains
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