1. Define Supply Chain Management (SCM)
Definition: Supply Chain Management refers to the integrated and coordinated management of all aspects of the product delivery process from source to consumer, including demand forecasting, production planning, purchasing, materials management and distribution. (1)
2. How is SCM utilized on the web?
As firms are facing tough, global competition, they are continually looking for ways in which to improve their supply chain systems for the purpose of cutting costs, improving quality and improving productivity. E-Commerce and Internet technologies are enabling customers to interact directly with businesses and businesses to interact directly with each other all along the supply chain. As a result, processes are automated, real-time reports can be generated and just-in-time inventory management can be implemented. (1)
3. Include 2 SMC application packages and review their attributes (consider a comparison matrix)
Let's look at several SMC application packages and their attributes, which you can then use to complete a comparison matrix if you decide to use one.
1. Planning: ...
Defines SCM (supply chain management) and how it is utilized on the web. It includes 2 SMC application packages and reviews their attributes (consider a comparison matrix).