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Internet and associated technologies promise to revolutionize inter-enterprise business processes by enabling seamless information exchange between business partners. High volumes of data can be transferred at low cost, and even minor business partners can exchange information in an economical manner.
Supply chain management consists of the coordination of demand and supply of products and services between a suppliers´ supplier and a customers´ customer. It involves the flow of product, information, and money between the ‘trading partners’ of a company’s ‘supply chain’.
The Proactive act of improving the efficiency and effectiveness of the flow of goods, services and knowledge across all stake holders with the goal of reducing total cost and obtaining a competitive advantage for all parties.
The Internet wave and emergence of e-business has highly influenced traditional supply chains by enhancing Coordination and Communication between the partners. The enabling technologies like EDI, Intranet, Extranet, Electronic Market Places, ERP, DRP, Warehouse management system, CRM, CPFR etc has tremendously improved the integration among the buyers and sellers. The wonder letter ‘e’ has removed the roadblocks of information sharing making the firm smarter everyday. Rapid evolution of the digital marketplaces or hubs which allows buyers and sellers to transact in a single intelligent, multidimensional marketplace that connects multiple trading exchanges and making the sharing of information at a wink of an eyelid.
E-business has enhanced both Supply Chain efficiency and responsiveness by sharing real time information regarding inventory, shipment status and other key information like product design, product availability and demand between the partners. The e-Supply Chain will have customers and suppliers seamlessly linked together, throughout the world, exchanging information almost instantly. As a result of e-speed information sharing the companies is adopting pull strategy instead of push strategy. Fast access to relevant supply chain information can pay-off handsomely in lower product acquisition costs, lower procurement transaction, less inventory, higher quality decision-making, shorter cycle times, profitable means of disposing unused excess inventory and better customer service.
Enabling Technologies
EDI is a method to automate the traditional paper based, error prone and time-consuming business transactions. EDI is computer-to-computer direct transfer of standard business documents through electronic media between the firms. The EDI helps in Just-in-Time production and continuous production because of automation of internal processes. EDI is an important industrial network technology, suited to support communications among the partners. EDI helps for enhanced corporate image and better relation with the trading partners by reducing lead-time and improving information sharing.
Intranet is an Internet like network inside an organization. It is a corporate LAN or wide area network (WAN) that uses Internet technology and is secured behind company’s firewalls.[2]. Intranets tremendously improve the communication and internal management by enhanced knowledge sharing. The intranets helps to share documents among the employees regardless of their geographic location like policies and procedures, training programs, product catalogs, design drawings and manuals.
B2B Collaboration
In the traditional supply chain, buying and selling materials means establishing long-term relationships with vendors, distributors and retailers. With the advent of Internet it is easy for the buyers and suppliers to meet, buy and sell across cyber market places and collaborate more quickly than the traditional way. It offers them a wide spectrum of advantages like Online ordering and tracking, managing their logistics, sharing the forecast, demand and POS information etc. The B2B market places are classified as Net market places or private market places. Also they are classified based on Buyer or Seller launched B2B market places.
SCM addresses our clients challenges through seven service areas:
Supply Chain Strategy
Supply Chain Planning
Logistics
Procurement
Product Lifecycle Management
Supply Chain Enterprise Applications
Supply Chain Operations
The most progressive companies are tackling their challenges on many fronts. But we are collaborating with customer to deliver the solution on time. We can help our clients by our experience, assets and expertise to help them develop those characteristics. We deliver specific characteristics that set leading supply chains apart.
Our services on Supply Chain Management (SCM) and value chains, including product development, Supply Chain Planning, Procurement and Logistics. We deliver value-based, industry-oriented offerings that contribute to improvements in technology.
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