Supply chain approach: It is an activity that manages the movement of raw materials like services, cash into the organization via factories or warehouses to the end consumers. It also includes organizations that create and deliver products, data and services. It creates trust among their partners. Supply chain management (SCM): Supply Chain Management is defined as design, planning, implementation and combination of all supply chain process. Supply chain management might help the customers (students), partners, distributors, suppliers have an organized system by which they could communicate with each other and can access the necessary data. Components of Supply Chain: Some of the major components of supply chain are planning, sourcing, production, delivery, and return. Supply chain management help reduce the bullwhip effect: Bullwhip effect is an effect that happens if the data about the demand for a product gets biased as it transfers from one unit to other across the supply chain. It can be handled by decreasing hesitations about the demands and supplies when all the members in supply chain have correct and updated information. Supply chain management provides value for a business: Supply chain management helps an organization in many ways like improvement in product and material flow, seamless information flow, and enhanced financial flow. Comparison between supply chain planning system and supply chain execution system: Supply chain planning system Supply chain execution system It aids the organization to produce demand predictions for a particular product, and also it helps to develop tracking and manufacturing plans for that product. It governs the products flow via distribution centers and silos to make sure that the products are carried and delivered to the right places in an effective way...

EBK ESSENTIALS OF MIS

12th Edition

ISBN: 8220101459305

Author: LAUDON

Publisher: PEARSON

See similar textbooks

Expert Solution & Answer

Chapter 9, Problem 2RQ

Explanation of Solution

Supply chain approach:

It is an activity that manages the movement of raw materials like services, cash into the organization via factories or warehouses to the end consumers. It also includes organizations that create and deliver products, data and services. It creates trust among their partners.

Supply chain management (SCM):

Supply Chain Management is defined as design, planning, implementation and combination of all supply chain process.

Supply chain management might help the customers (students), partners, distributors, suppliers have an organized system by which they could communicate with each other and can access the necessary data.

Components of Supply Chain: Some of the major components of supply chain are planning, sourcing, production, delivery, and return.

Supply chain management help reduce the bullwhip effect:

Bullwhip effect is an effect that happens if the data about the demand for a product gets biased as it transfers from one unit to other across the supply chain. It can be handled by decreasing hesitations about the demands and supplies when all the members in supply chain have correct and updated information.

Supply chain management provides value for a business:

Supply chain management helps an organization in many ways like improvement in product and material flow, seamless information flow, and enhanced financial flow.

Comparison between supply chain planning system and supply chain execution system:

Supply chain planning system Supply chain execution system
It aids the organization to produce demand predictions for a particular product, and also it helps to develop tracking and manufacturing plans for that product. It governs the products flow via distribution centers and silos to make sure that the products are carried and delivered to the right places in an effective way...

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 9, Problem 1RQ

Chapter 9, Problem 3RQ

Students have asked these similar questions

Subject: INFORMATION SYSTEM PLANNING Note|: Please type the answer. thanks IssCo, is a company that manufactures furniture and has been in the industry for 20 years. The board of directors realized that they are facing stiff competitions not only from the new entrants but also from the existing furniture manufacturer. Therefore to sustain in the industry the company has to come up with a new strategy to be more competitive. The board of directors has agreed to produce exclusive office furniture for companies based on customization. In order to achieve the new strategy the company has to be more selective in looking for suitable candidates to fulfill the assembly line positions with strict screening process. The Human Resource Manager requests a new job application form to be filled by candidates before entering an interview. The figure given above is a proposed Application Performance Management (APM) drafted by the team from Information System Planner (ISP) Unit and to be presented…

Answer any two of the following questions. [Q1]. ● ● [Q2]. How do supply chain management systems coordinate planning, production, and logistics with suppliers? · ● HW1 ● How do enterprise systems help businesses achieve operational excellence? Define an enterprise system and explain how enterprise software works. Describe how enterprise systems provide value for a business. ● Define a supply chain and identify each of its components. Explain how supply chain management systems help reduce the bullwhip effect and how they provide value for a business. Define and compare supply chain planning systems and supply chain execution systems. Describe the challenges of global supply chains and how Internet technology can help companies manage them better. [Q3]. How do customer relationship management systems help firms achieve customer intimacy? Distinguish between a push-based and pull-based model of supply chain management and explain how contemporary supply chain management systems…

Think about where you fit in the chain of production. To what end does the value chain exist? What is it that you do, exactly? To what extent do you collaborate with other organizations in the supply chain? How does one measure the value chain's effectiveness?

Knowledge Booster

Solution Summary: The author explains that supply chain management is an activity that manages the movement of raw materials, cash into the organization via factories or warehouses to the end consumers.

Explanation of Solution

Want to see the full answer?

Chapter 9 Solutions

Supply chain planning system	Supply chain execution system
It aids the organization to produce demand predictions for a particular product, and also it helps to develop tracking and manufacturing plans for that product.	It governs the products flow via distribution centers and silos to make sure that the products are carried and delivered to the right places in an effective way...