Please provide a write-up addressing several of the following key areas of SCM:
Supply chain management (SCM) basics
-Inventory management across the supply chain
-Managing the flow of materials across the supply chain
-Internal vs external supply chains
-Supply chain logistics
-Cycle time, causes of long cycle times & reduction of cycle times
-SCM performance measurement
-Supply chain relationships (e.g., reliability, competence, vulnerability, loyalty, resolving conflicts)
The role of information systems and technology in supply chain management
-Interorganizational information systems (IOIS)
-Decision support systems
Supply Chain Management (SCM) basics
1) Inventory Management across the supply chain
When managing the flows of information across the supply chain, it is necessary to have valid and accurate information in order to manage effectively. "Poor information management in the supply chain leads to a requirement to hold excessive inventory levels (Sweeney, 2006)."
2) Managing the flow of materials across the supply chain.
Supply chain management is strategically important for any manufacturer. Suppliers and customers are considered part of a complex supply chain - one that has the product and one that purchases it. In managing the supply chain, information and data provide the knowledge to provide quick turn availability of items for the customers.
"For many companies, it is now clear that the supply chain that best manages the flows of both information and material can significantly differentiate itself from its competitors. (Donovan & Co, 2013)
3) Internal vs. external supply chains
Some people believe that the supply chain stops at the walls outside the company as external. The reality of supply chains is that they are both internal and external. "Most companies use an (ERP) Enterprise Resource Planning to control internal operations. The data is stored in an ERP system includes: customers, suppliers, finished goods, raw materials, ...
The solution provides a write-up addressing several key areas of SCM.