Supply Chain Management

Classified in Mathematics

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10-What are supply chain management systems: How do they benefit Business?

Answer:

-Supply chain management systems Are more outward facing, focusing on helping the firm manage its relationship With suppliers to optimize the planning, sourcing, manufacturing, and delivery Of products and services. Theses systems provide information to help suppliers, Purchasing firms, distributors, and logistics companies coordinate, schedule, And control business processes for procurement, production, inventory Management, and delivery or products and services.

-Benefit to business: Decide when and What to produce, store, and move; Rapidly communicate orders; Track the status Of orders; Check inventory availability and monitor inventory levels; Reduce Inventory, transportation, and warehousing costs; Track shipments; Plan Production based on actual customer demand; Rapidly communicate changes in Product design.

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