Management Information Systems: Managing the Digital Firm (15th Edition)
15th Edition
ISBN: 9780134639710
Author: Kenneth C. Laudon, Jane P. Laudon
Publisher: PEARSON
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Expert Solution & Answer
Chapter 9, Problem 2RQ
Explanation of Solution
Supply chain:
- 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 the method of designing, planning, implementing and combining all supply chain process...
Explanation of Solution
Supply chain management help reducing 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 suppli...
Explanation of Solution
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 helps to develop tracking and manufacturing plans for that product... |
Explanation of Solution
Challenges of global supply chain:
Some of the challenges of global supply chain are as follows:
- Improved customer access:
- This challenge can be overcome by using internet technology which the organization could achieve improved point of sales and partnerships.
- Integration of supply chain organization:
- This challenge can be overcome by integrating across all function and not with just particular functions...
Explanation of Solution
Differences between push-based and pull-based model:
In push based model, production schedules are based on predictions or guesses of demand for products whereas in pull-based model, the customer orders and purchases trigger events in the supply chain...
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Management Information Systems: Managing the Digital Firm (15th Edition)
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