Management Information Systems: Managing the Digital Firm (15th Edition)
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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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 systemSupply 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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