Information Technology (IT) in Supply Chain Management (SCM)
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Discuss How IT influenced Communication, vendors and partners, Cost saving, reduction of lead time, and improves product promotional activities of supply Chain management.
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Solution Summary
IT has influenced almost all aspects of the business aspects. Supply chain management has also been affected and has positively improved due to IT advancements and its business applications. This response analyses how IT enhanced supply chain management.
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Information Technology (IT) in Supply Chain Management (SCM)
Role of IT in Enhancing SCM
In SCM, IT plays critical role in improving communication between the supply chain patters and simplifying complex supply chain. IT have been contributed in integrating range of communication tools such as satellite system, phones, computer and software throughout the supply chain that facilitates streamline communication and information management (Fredendall & Hill, 2016). Due to this, partners of supply chain enables to access right information at the right time quickly ...
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