Unit One E Commerce, Logistics and Supply Chain Management

Size: px
Start display at page:

Download "Unit One E Commerce, Logistics and Supply Chain Management"

Transcription

1 Unit One E Commerce, Logistics and Supply Chain Management I. Summary of Learning Outcomes To achieve this unit a learner must: 1. Find out how a new practice of logistics and supply chain management has been made possible in the age of Electronic Commerce? 2. Know and understand the conceptions of supply chain management and logistics 3. Understand the specific role of logistics in supply chain operations 4. Understand the generalized supply chain model and shall pay attention to the complexity of supply chains 5. Know the enablers of supply chain management including information technology, integrated management, responsiveness, and globalization II. Learning contents Section one. Introduction: Logistics, E Commerce, and Supply Chain Management As recently as the early 1990s, the average time required for a company to process and deliver merchandise to a customer from warehouse inventory ranged from 15 to 30 days, sometimes even longer. a) Problems and Solutions: why there is, and how to do with the lengthy and unpredictable time to market? To answer the questions, we shall look into: Processes, Processing methods, and problems: order to delivery processes order creation and transfer order processing shipment processing methods Telephone, fax, EDI, public mail Manual or computer systems, credit authorization, order assignment to a warehouse for selection b) Old business practices and new customer s desires (i)old business practices The industrialized world was characterized by scarcity; Business focused more on supply than demand; Business forced to keep large inventory; Consumers reached only indirectly, (ii)new customer s desires Something might go wrong Inventory out of stock, A lost or misplaced work order, A misdirected shipment, 1

2 Wide choice of products and services; Specifically designed and delivered products and services, c) The Internet Impacts on the World of Commerce Transportation becomes economical and reliable; Information characterized by speed, accessibility, accuracy, and relevancy is available; Transactions can be conducted efficiently; E distribution can be launched economically, Supply Chain, Supply Chain Management, Electronic Commerce, Logistics, E Commerce Logistics What began during the last decade of the 20 th century and will continue to unfold well into the 21 st century is what historians will characterize as the dawning of the information or digital age. In the age of electronic commerce, the reality of B2B connectivity has mad possible a new order of business relationships called supply chain management. Logistical systems exist that have the capability to deliver products at exact times. Students are expected to figure out why the current movement toward establishing supply chains can be characterized as a revolution. Section II. Core Conceptions: Supply Chain Management and Logistics a) Definition of Supply Chain Management Supply Chain (sometimes called the value chain or demand chain) Management consists of the firms collaborating to leverage strategic positioning and to improve operating efficiency. For Each firm involved, the supply chain relationship reflects strategic choice. A supply chain strategy is a channel arrangement based on acknowledged dependency and relationship management. Supply chain operations require managerial processes that span across functional areas within individual firms and link trading partners and customers across organizational boundaries. b) Definition of Logistics Logistics, in contrast to supply chain management, is the work required to move and position inventory throughout a supply chain. Specific Role of Logistics in Supply Chain Operations Logistics is a subset of and occurs within the broader framework of a supply chain arrangement.logistics is the process that creates value by timing and positioning inventory; it is the combination of a firms order management, inventory, transportation, warehousing, materials handling, and packaging as integrated throughout a facility network.integrated logistics serves to link and synchronize the overall supply chain as a continuous process and is essential for effective supply chain connectivity. While the purpose of logistical work has remained essentially the same over the decades, the way the work is performed continues to radically change. Supply Chain Management, Value Chain, Demand Chain, Supply Chain Relationship, Supply Chain Strategy, Channel Arrangement, Relationship Management, Supply Chain Operation, 2

3 Functional Areas, Organizational Boundaries, Logistics, Integration To study logistics, a student must have a basic understanding of supply chain management. Supply chain decisions establish the operating framework within which logistics is performed. As dramatic change continues to evolve in supply chain practice, logistics best practice is subject to continuous change based on the evolving nature of supply chain structure and strategy. Section III. Generalized Supply Chain Model Relationship Management M A T E R I A L S Information, Product, Service, Financial and Knowledge Flows SUPPLIER NETWORK INTEGRATED ENTERPRISE DISTRIBUTIVE NETWORK Procurement Distribution Manufacturing E N D C O N S U M E R S Capacity, Information, Core Competencies, Capital and Human Resources a) Generalized Supply Chain Arrangement b) Supply Chain Structure and Strategy Understanding (i) Case Study: Miller SQA as Vaue Net \ Source: Industry Insight 1 1, P. 8 PDF File: David Bovet and Joseph Martha, Value Nets Stern Stewart Research, HERMAN MILLER: Growth In The New Economy To understand the complexity of virtual supply chain arrangements called value net (ii) Successful Supply Chain Strategies (P.7 table 1 1) Source: Table1 1, Supply Chain Management Review, P.7 Market Saturation Driven: Focusing on generating high profit margins through strong brands and ubiquitous marketing and distribution. Operationally Agile: Configuring assets and operations to react nimbly to emerging consumer trends along lines of product category or geographic region. Freshness Oriented: Concentrating on earning a premium by providing the consumer with product that is fresher than competitive offerings. Consumer Customizer: Using mass customization to build and maintain close 3

4 relationships with end consumers through direct sales. Logistics Optimizer: Emphasizing a balance of supply chain efficiency and effectiveness. Trade Focused: Prioritizing low price, best value for the consumer (as with the logistics optimizer strategy but focusing less o brand than on dedicated service to trade customers.) Supply Chain Model, Relationship Management, Five Flows, Traditional Channel Arrangement, Supply Chain Arrangement, Value Net The integrated supply chain perspective shifts traditional channel arrangements from loosely linked groups of independent businesses that buy and sell inventory to each other toward a managerially coordinated initiative to increase market impact, overall efficiency, continuous improvement, and competitiveness. However, students shall realize that, in practice, many complexities serve to cloud the simplicity of illustrating supply chains as directional line diagrams. Section IV. Enablers of Supply Chain Management a) Information Technology (i) E Commerce Impacts on Market Distribution (PP ; Industry insight 4 3 Clicks as Transactions) (ii) E Commerce Impacts on Procurement (PP ; Industry Insight 5 2 Farming via the Internet) b) Integrated Management (i) Collaboration Whereas competition remains the dominant model guiding free market economies, the increasing importance of collaboration has positioned the supply chain as a primary unit of competition. Supply chains dominated by Sears, K Mart, Target, and Wal Mart are direct competitors in many markets. (ii) Enterprise Extension The Information sharing paradigm is the widespread belief that achieving a high degree of cooperative behavior requires that supply chain participants voluntarily share operating information and jointly plan strategies. The Process specialization paradigm is commitment to focusing collaborative arrangements on planning joint operations towards a goal of eliminating nonproductive or non value adding work by firms in a supply chain. (iii) Integrated Service Providers/ Third Party Logistics Providers The two traditional logistics service providers are transportation and warehousing specialists. Integrated service providers (ISPs), commonly named third party logistics providers, market a range of logistics services that included all work necessary to service customers, from order entry to product delivery. c) Responsiveness Information connectivity created the potential for developing response based business 4

5 models. (i) Anticipatory Based Business Model (P.15 figure 1 2) (ii) Responsive Based Business Model (P.16 figure 1 3) (iii) Postponement At the heart of time based competition is the capability to postpone manufacturing and the timing of logistical fulfillment. The vision of Manufacturing or Form Postponement is one of products being manufactured one order at a time with no preparatory work or component procurement until exact customer specifications are fully know and customer commitment is received. The basic notion of Geographic or Logistics Postponement is to build and stock a full line inventory at one or a few strategic locations. d) Financial Benefits of Timely Response (i) Cash to Cash Conversion refers to the time required to convert raw material or inventory purchases into sales revenue. (ii) Dwell Time Minimization is the concept to minimize the ratio of time that an asset sits idle to the time required to satisfy its designated supply chain mission. (iii) Cash Spin, sometimes called free cash spin. The concept is to reduce overall assets committed to supply chain performance. e) Globalization The decision to engage in global operations to achieve market growth and enjoy operational efficiency follows a natural path of business expansion. Firms enter the global marketplace by conducting import and export operations. The second stage of internationalization involves establishment of local presence in foreign nations and trading areas. The third stage of internationalization is the full fledged conduct of business operations within and across international boundaries. The most advanced phase of international engagement is typically referred to as globalization. Information Technology, Market Distribution, Procurement, Integrated Management, Collaboration, Enterprise Extension, Information Sharing Paradigm, Process Specialization Paradigm, Integrated Service Providers, Third Party Logistics Providers, Responsiveness, Anticipatory Based Business Model, Responsive Based Business Model, Postponement, Manufacturing Postponement, Form Postponement, Geographic Postponement, Logistics Postponement, Cash to Cash Conversion, Dwell Time Minimization, Cash Spin, Globalization Based on the essential conceptions learned in this section, students shall be able to compare and contrast anticipatory and response based business models, and manufacturing and geographic postponement. Further, they shall be able to give the reason why responsiveness has become popular in supply chain collaborations. 5

6 III. Review Questions 1. Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences. 2. What specific role does logistics play in supply chain operations? 3. Describe "Integrative Management." Be specific concerning the relationship between functionality and process. 4. In terms of enterprise extension, describe the importance of the information sharing and process specialization paradigms? 5. Describe and illustrate an integrated service provider. How does the concept of integrated service provider differ from traditional service providers, such as for hire transportation and warehousing? 6. Compare and contrast anticipatory and response based business models. Why has responsiveness become popular in supply chain collaborations? 7. Compare and contrast manufacturing and geographic postponement. 8. Define and illustrate cash to cash conversion, dwell time minimization and cash spin. How does supply chain strategy and structure impact each? 6

The fact is that 90% of business strategies are not implemented through operations as intended. Overview

The fact is that 90% of business strategies are not implemented through operations as intended. Overview Overview It is important to recognize that a company s network determines its supply chain efficiency and customer satisfaction. Designing an optimal supply chain network means the network must be able

More information

Courses in Business and Administrative Services (C4)

Courses in Business and Administrative Services (C4) Courses in Business and Administrative Services (C4) PATHWAY COURSES SUBJECT CODE Business Foundations 1 141000 Fundamentals of Business and Administrative Services 2 142000 Management Principles 141025

More information

Supply Chain. cinagement. IStlGS USO OS.S. Fourth Edition. Donald J. Bowersox David J. Closs M. Bixby Cooper John C. Bowersox.

Supply Chain. cinagement. IStlGS USO OS.S. Fourth Edition. Donald J. Bowersox David J. Closs M. Bixby Cooper John C. Bowersox. USO OS.S Supply Chain IStlGS cinagement Fourth Edition Donald J. Bowersox David J. Closs M. Bixby Cooper John C. Bowersox Michigan State University Me Graw Hill About the Authors iv Preface v PART ONE

More information

Career Technical Assurance Guide (CTAG) Area. Articulation Number (CTAN)

Career Technical Assurance Guide (CTAG) Area. Articulation Number (CTAN) Business Foundations Subject Code: 141000 This is the first course for the Business and Administrative Services, Finance and Marketing career fields. It introduces students to specializations within the

More information

LOGISTICS & SUPPLY CHAIN MANAGEMENT

LOGISTICS & SUPPLY CHAIN MANAGEMENT LOGISTICS & SUPPLY CHAIN MANAGEMENT 1. Concepts of Logistics management The role of Logistics information systems and technology Logistics relevance to an organization and the economy Channels of distribution

More information

Supply Chain Logistics Management

Supply Chain Logistics Management PART 1 Supply Chain Logistics Management Part 1 establishes the strategic importance of logistics to achieving business success by creating value throughout domestic and global supply chains. The initial

More information

Cloud-based trading & financing ecosystem for global ecommerce

Cloud-based trading & financing ecosystem for global ecommerce Cloud-based trading & financing ecosystem for global ecommerce specializing in China inbound and outbound trade for small online retailers and social commerce players Our Motto MAKING BUY AND SELL EASY!

More information

Making Strategic Decisions with Oracle Advanced Planning. An Oracle White Paper September 2006

Making Strategic Decisions with Oracle Advanced Planning. An Oracle White Paper September 2006 Making Strategic Decisions with Oracle Advanced Planning An Oracle White Paper September 2006 Making Strategic Decisions with Oracle Advanced Planning SUMMARY Strategic decision making is more important

More information

Make your supply chain more efficient by using GS1 Global Standards

Make your supply chain more efficient by using GS1 Global Standards IBM Global Business Services Executive Brief In collaboration with the Consumer Goods Forum Make your supply chain more efficient by using GS1 Global Standards Findings of the 2011 Consumer Goods Forum

More information

Primary Logistics Activities

Primary Logistics Activities 1 TOPIC 1: OVERVIEW OF BUSINESS LOGISTICS AND PLANNING Topic Outcomes: You should be able: 1. Define logistics 2. Define activity mix in logistics business 3. Determine the importance of business logistics

More information

Achieving Competitive Advantage with Information Systems

Achieving Competitive Advantage with Information Systems Chapter 3 Achieving Competitive Advantage with Information Systems 3.1 Copyright 2011 Pearson Education, Inc. STUDENT LEARNING OBJECTIVES How does Porter s competitive forces model help companies develop

More information

EXECUTIVE SUMMARY. Warehouse Management Systems. Technology for Global Supply Chain Performance. Authored By: Carla Reed. ChainLink Technology Series

EXECUTIVE SUMMARY. Warehouse Management Systems. Technology for Global Supply Chain Performance. Authored By: Carla Reed. ChainLink Technology Series EXECUTIVE SUMMARY ChainLink Technology Series Warehouse Management Systems Technology for Global Supply Chain Performance Copyright ChainLink Research 2007 Authored By: Carla Reed June, 2007 About ChainLink

More information

The Future Perfect Supply Chain

The Future Perfect Supply Chain 53 Perimeter Center Suite 201 Atlanta, GA 30346 (877)237-4291 www.competitivelogistics.com The Future Perfect Supply Chain Achieving Responsiveness and Efficiency By Art Brown VP Professional Services

More information

Consumer Products 2010: Insights for the Future in Asia

Consumer Products 2010: Insights for the Future in Asia Consumer Products 2010: Insights for the Future in Asia Patrick Medley, Distribution Sector Leader, Asia Pacific IBM Business Consulting Services 2005 IBM Corporation Agenda for today s discussion 2010

More information

TRADITIONAL ERP ERP FOR ECOMMERCE?

TRADITIONAL ERP ERP FOR ECOMMERCE? TRADITIONAL ERP < OR > ERP FOR ECOMMERCE? How to evaluate your options to choose the right direction for your retail business. SALESWARP.COM TRADITIONAL ERP OR ERP FOR ECOMMERCE? The retail industry is

More information

e-business in the Retail Sector Elena Gaboardi

e-business in the Retail Sector Elena Gaboardi e-business in the Retail Sector Elena Gaboardi 26-11-2002 e-business in Europe 2002, Brussels 1 Retail: a reshaped competitive scenario Increasing concentration (new stores and takeovers) Geographical

More information

See Gold in B2B. B2B ecommerce Playbook

See Gold in B2B. B2B ecommerce Playbook See Gold in B2B B2B ecommerce Playbook B2B ecommerce platforms dramatically lower costs, streamline the sales process and increase profit. Current B2B Paradigm Is this your company? 6 people p answering

More information

Container Corporation Of India Professional Knowledge Digest

Container Corporation Of India Professional Knowledge Digest Logistics Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of

More information

Chapter 1 Introduction to International Logistics

Chapter 1 Introduction to International Logistics Chapter 1 Introduction to International Logistics Book: International Logistics: Global Supply Chain Management by Douglas Long Slides made by Ta-Hui Yang 1 Outline What is logistics? What is the goal

More information

Supply Chains: From Inside-Out to Outside-In

Supply Chains: From Inside-Out to Outside-In Supply Chains: From Inside-Out to Outside-In Table of Contents Big Data and the Supply Chains of the Process Industries The Inter-Enterprise System of Record Inside-Out vs. Outside-In Supply Chain How

More information

Transparency in Supply Chains

Transparency in Supply Chains Transparency in Supply Chains Rob Allan January 13, 2015 2014 IBM Corporation What is transparency Why is transparency so difficult How to achieve transparency Benefits of transparency IBM s road to transparency

More information

Business Networks: The Next Wave of Innovation

Business Networks: The Next Wave of Innovation White Paper Business Networks: The Next Wave of Innovation Sponsored by: Ariba Michael Fauscette November 2014 In This White Paper The business network is forming a new framework for productivity and value

More information

Career Technical Assurance Guide (CTAG) Area. Articulation Number (CTAN)

Career Technical Assurance Guide (CTAG) Area. Articulation Number (CTAN) Business Foundations Subject Code: 141000 This is the first course for the Business and Administrative Services, Finance and Marketing career fields. It introduces students to specializations within the

More information

The ABC s of Selling Online

The ABC s of Selling Online DEFINITION E Commerce: Business done on and through the web The ABC s of Selling Online FOREIGN LANGUAGE QUICK HISTORY 1979: Michael Aldrich invented online shopping 1984: CompuServe launches an electronic

More information

Enterprise Systems: From Supply Chains to ERP to CRM

Enterprise Systems: From Supply Chains to ERP to CRM Enterprise Systems: From Supply Chains to ERP to CRM Management Information Code: 164292-02 Course: Management Information Period: Autumn 2013 Professor: Sync Sangwon Lee, Ph. D D. of Information & Electronic

More information

Creating and Embedding a Customer Driven Supply Chain

Creating and Embedding a Customer Driven Supply Chain To get there. Together. Creating and Embedding a Customer Driven Supply Chain Point of view Contents Creating and Embedding a Customer Driven Supply Chain 3 How to Embed a Customer Driven Supply Chain

More information

Retail 2020 Challenges: Collaborating for Growth through Supply Chain Efficiencies. Jeff Holmes Managing Director, Retail and Consumer PwC

Retail 2020 Challenges: Collaborating for Growth through Supply Chain Efficiencies. Jeff Holmes Managing Director, Retail and Consumer PwC Retail 2020 Challenges: Collaborating for Growth through Supply Chain Efficiencies Jeff Holmes Managing Director, Retail and Consumer www.pwc.com Retail 2020: Redefining Supply Chain Collaboration to Drive

More information

E-Business Supply Chain Management. Michael J. Shaw

E-Business Supply Chain Management. Michael J. Shaw 1 E-Business Supply Chain Management Michael J. Shaw A Process View of the Supply Chain 2 Supply Chain Planning Information Flows Supplier Product Flows Manufacturing Product Flows Distribution Product

More information

Marketing Management. 1 Many people are surprised when they realize how may different ideas and activities are included in the term.

Marketing Management. 1 Many people are surprised when they realize how may different ideas and activities are included in the term. Marketing Management 1 Many people are surprised when they realize how may different ideas and activities are included in the term. 1. Marketing 2. Manufacturing 3. Labeling 2 One of the most important

More information

Turning data integration into a financial driver for mid-sized companies

Turning data integration into a financial driver for mid-sized companies Turning data integration into a financial driver for mid-sized companies The benefits of data integration can be very real, and are significantly easier to attain than many companies may believe. With

More information

Management of Uncertainty In Supply Chain

Management of Uncertainty In Supply Chain Management of Uncertainty In Supply Chain Prof.D.P.Patil 1, Prof.A.P.Shrotri 2, Prof.A.R.Dandekar 3 1,2,3 Associate Professor, PVPIT (BUDHGAON), Dist. Sangli(M.S.) sdattatrayap_patil@yahoo.co.in amod_shrotri@rediffmail.com

More information

1. Global E Business and Collaboration. Lecture 2 TIM 50 Autumn 2012

1. Global E Business and Collaboration. Lecture 2 TIM 50 Autumn 2012 1. Global E Business and Collaboration Lecture 2 TIM 50 Autumn 2012 Objective of the Learning The Major Feature of Business Systems Performance of Business Organization Levels of Business management The

More information

Learning Objectives. Supply Chains & SCM Defined. Learning Objectives con t. Components of a Supply Chain for a Manufacturer

Learning Objectives. Supply Chains & SCM Defined. Learning Objectives con t. Components of a Supply Chain for a Manufacturer Chapter 4 Global Supply Chain Management Operations Management by R. Dan Reid & Nada R. Sanders 4th Edition Wiley 2010 Learning Objectives Describe the structure of supply chains Describe the bullwhip

More information

WHITE PAPER. Responsive Supply Chain. Abstract

WHITE PAPER. Responsive Supply Chain. Abstract WHITE PAPER Responsive Supply Chain Abstract Short product lifecycles, fickle consumers and dispersed supply chains characterize today s Retail, Apparel and Footwear environment. While companies have made

More information

DESIGNING AND WHOLESALING

DESIGNING AND WHOLESALING THOUGHT LEADERSHIP REPORT DESIGNING AND WHOLESALING you asked someone to define retailer in the year IF 2000, the answer likely would have included words and phrases such as seller of consumer goods, stores

More information

QAD SOLUTIONS ARE BUILT FOR FOOD AND BEVERAGE MANUFACTURERS, BUILT FOR YOU

QAD SOLUTIONS ARE BUILT FOR FOOD AND BEVERAGE MANUFACTURERS, BUILT FOR YOU QAD SOLUTIONS ARE BUILT FOR FOOD AND BEVERAGE MANUFACTURERS, BUILT FOR YOU Food and beverage manufacturers produce a wide array of products from soda, wine, dairy, and fruits and vegetables to oils, spices

More information

Four distribution strategies for extending ERP to boost business performance

Four distribution strategies for extending ERP to boost business performance Infor ERP Four distribution strategies for extending ERP to boost business performance How to evaluate your best options to fit today s market pressures Table of contents Executive summary... 3 Distribution

More information

Sage MAS 90 and 200. Extended Enterprise Suite S

Sage MAS 90 and 200. Extended Enterprise Suite S Sage MAS 90 and 200 Extended Enterprise Suite S An End-to-End Approach to Business Software At Sage, we ve been supporting businesses like yours with world-class business software for well over a quarter

More information

B2B E-Commerce Solutions Empower Wholesale Distributors

B2B E-Commerce Solutions Empower Wholesale Distributors SAP Thought Leadership Paper Wholesale Distribution B2B E-Commerce Solutions Empower Wholesale Distributors Achieve Interaction Excellence with Outstanding Online Experiences and High-Quality Digital Content

More information

CSCMP Level One : Cornerstones of Supply Chain Management. Learning Blocks

CSCMP Level One : Cornerstones of Supply Chain Management. Learning Blocks CSCMP Level One : Cornerstones of Supply Chain Management Learning Blocks Level one training will consist of eight learning blocks: 1. Supply Chain Concepts 2. Demand Planning 3. Procurement and Supply

More information

LEAD LOGISTICS PARTNER

LEAD LOGISTICS PARTNER Lead Logistics Partner LEAD LOGISTICS PARTNER visit www.dhl.com/supplychain Delivering supply chain transformation that drives a competitive advantage. 2 Understanding supply chain dynamics Understanding

More information

Cost and Value in Sales and Distribution Channels

Cost and Value in Sales and Distribution Channels Cost and Value in Sales and Distribution Channels Situation More and more companies are discovering that their accustomed approaches to selecting and managing sales and distribution channels no longer

More information

NetSuite. Goes Natural. We have spoken to dozens of small business executives about their move to adopt technology.

NetSuite. Goes Natural. We have spoken to dozens of small business executives about their move to adopt technology. NetSuite Goes Natural We have spoken to dozens of small business executives about their move to adopt technology. Certain companies, though, stand out as powerful examples for others who may be considering

More information

Oracle Retail. AAFES Retail Management System

Oracle Retail. AAFES Retail Management System Oracle Retail AAFES Retail Management System Oracle Retail Merchandising Suite Oracle Retail for AAFES Corporate Changes Summary of Benefits Discussions WHY ORACLE RETAIL SUITE? OUTDATED PROCESSES UPDATED

More information

An Enterprise Resource Planning Solution for Mill Products Companies

An Enterprise Resource Planning Solution for Mill Products Companies SAP Thought Leadership Paper Mill Products An Enterprise Resource Planning Solution for Mill Products Companies Driving Operational Excellence and Profitable Growth Table of Contents 4 What It Takes to

More information

SUPPLY CHAIN MANAGEMENT TRAINING

SUPPLY CHAIN MANAGEMENT TRAINING Phone:1300 121 400 Email: enquiries@pdtraining.com.au SUPPLY CHAIN MANAGEMENT TRAINING Generate a group quote today or register now for the next public course date COURSE LENGTH: 1.0 DAYS Supply Chain

More information

STRENGTHS AND WEAKNESSES OF CURRENT SUPPLY CHAIN MANAGEMENT AND INITIATIVES FOR THE FUTURE. Diana-Maria DIACONU (NIDELEA) 1 Cristina ALPOPI 2

STRENGTHS AND WEAKNESSES OF CURRENT SUPPLY CHAIN MANAGEMENT AND INITIATIVES FOR THE FUTURE. Diana-Maria DIACONU (NIDELEA) 1 Cristina ALPOPI 2 STRENGTHS AND WEAKNESSES OF CURRENT SUPPLY CHAIN MANAGEMENT AND INITIATIVES FOR THE FUTURE Diana-Maria DIACONU (NIDELEA) 1 Cristina ALPOPI 2 ABSTRACT Supply Chain Management is the potential way of securing

More information

CHAPTER 11 INTERNATIONAL STRATEGY AND ORGANIZATION

CHAPTER 11 INTERNATIONAL STRATEGY AND ORGANIZATION CHAPTER 11 INTERNATIONAL STRATEGY AND ORGANIZATION LEARNING OBJECTIVES: 1. Explain the stages of identification and analysis that precede strategy selection. 2. Identify the two international strategies

More information

Lesson 1: Introduction to Supply Chain Management

Lesson 1: Introduction to Supply Chain Management Lesson 1: Introduction to Supply Chain Management Learning Objectives After completing Lesson 1, you should be able to 1. 2. 3. 4. 5. 6. 7. 8. describe a common supply chain and provide examples. define

More information

Enterprise Resource Planning Analysis of Business Intelligence & Emergence of Mining Objects

Enterprise Resource Planning Analysis of Business Intelligence & Emergence of Mining Objects Enterprise Resource Planning Analysis of Business Intelligence & Emergence of Mining Objects Abstract: Build a model to investigate system and discovering relations that connect variables in a database

More information

Strategic Supply Chain Management. Medical Device Supply Chain Council 1 October 2013

Strategic Supply Chain Management. Medical Device Supply Chain Council 1 October 2013 Strategic Supply Chain Management Medical Device Supply Chain Council 1 October 2013 Section 1 Why is strategic supply chain management important? Section 1 Introduction Strategic supply chain management

More information

2012 State of B2B E-Commerce

2012 State of B2B E-Commerce 2012 State of B2B E-Commerce Executive Summary As digital commerce has transformed all commerce over the last decade, customers have been offered increasing control over their buying experience. Ease of

More information

ACS-1803 Introduction to Information Systems. Enterprise Information Systems. Lecture Outline 6

ACS-1803 Introduction to Information Systems. Enterprise Information Systems. Lecture Outline 6 ACS-1803 Introduction to Information Systems Instructor: David Tenjo Enterprise Information Systems Lecture Outline 6 1 Learning Objectives 1. Explain how organizations support business activities by using

More information

Supply Chain Management and Value Creation

Supply Chain Management and Value Creation Supply Chain Management and Value Creation YAN Xi 1, KANG Canhua 2 School of Economics, Wuhan University of Technology, Wuhan 430070, China 1. cassie_yan@163.com, 2.kchhua@whut.edu.cn Abstract: In recent

More information

ENTERPRISE MANAGEMENT AND SUPPORT IN THE AUTOMOTIVE INDUSTRY

ENTERPRISE MANAGEMENT AND SUPPORT IN THE AUTOMOTIVE INDUSTRY ENTERPRISE MANAGEMENT AND SUPPORT IN THE AUTOMOTIVE INDUSTRY The Automotive Industry Businesses in the automotive industry face increasing pressures to improve efficiency, reduce costs, and quickly identify

More information

Sage 300 Distribution

Sage 300 Distribution Sage 300 Distribution Win new markets, satisfy your customers, deliver high-quality products and services and steer your business in the right direction with Sage 300 Distribution! In this ever increasing

More information

Synchronizing the Extended Retail Ecosystem

Synchronizing the Extended Retail Ecosystem Synchronizing the Extended Retail Ecosystem Written by: Brian Kilcourse Chief Strategist Retail Systems Alert Group DAN BERTHIAUME EDITOR, ERI JOURNAL RETAIL SYSTEMS ALERT GROUP Prakash Nanduri Global

More information

February 16th, 2012 Prague. Smarter Commerce. Robert Mahr. Leader Smarter Commerce CEE & RCIS

February 16th, 2012 Prague. Smarter Commerce. Robert Mahr. Leader Smarter Commerce CEE & RCIS February 16th, 2012 Prague Smarter Commerce Robert Mahr Leader Smarter Commerce CEE & RCIS Complex Fuzzy Interlocked Powerful! The Smarter Consumer is more instrumented Instrumented 36% more consumers

More information

The Business Case for Investing in Retail Data Analytics

The Business Case for Investing in Retail Data Analytics The Business Case for Investing in Retail Data Analytics Why product manufacturers are investing in POS and inventory analytics solutions Introduction In the latest Shared Data Study from CGT and RIS News

More information

26/10/2015. Enterprise Information Systems. Learning Objectives. System Category Enterprise Systems. ACS-1803 Introduction to Information Systems

26/10/2015. Enterprise Information Systems. Learning Objectives. System Category Enterprise Systems. ACS-1803 Introduction to Information Systems ACS-1803 Introduction to Information Systems Instructor: Kerry Augustine Enterprise Information Systems Lecture Outline 6 ACS-1803 Introduction to Information Systems Learning Objectives 1. Explain how

More information

Analysis on the Electronic Business Enterprise Supply Chain Management Optimization. Ningning Pan

Analysis on the Electronic Business Enterprise Supply Chain Management Optimization. Ningning Pan International Conference on Management Science, Education Technology, Arts, Social Science and Economics (MSETASSE 2015) Analysis on the Electronic Business Enterprise Supply Chain Management Optimization

More information

Increase Revenues with Channel Sales Management

Increase Revenues with Channel Sales Management Increase Revenues with Channel Sales Management Executive Summary Why is it so difficult to grow revenue, identify emerging customers and partners, and expand into new markets through the indirect sales

More information

Vehicle Sales Management

Vehicle Sales Management Solution in Detail Automotive Executive Summary Contact Us Vehicle Sales Optimizing Your Wholesale Business Efficient Sales Collaborative Operation Faced with declining margins, automotive sales organizations

More information

THE EXPENDITURE CYCLE Part I

THE EXPENDITURE CYCLE Part I CHAPTER THE EXPENDITURE CYCLE Part I Businesses need resources in order to conduct their business to produce and sell a product or to provide a service. The expenditure cycle is concerned with the acquisition

More information

HOW TO TURN 9 RETAIL IT CHALLENGES INTO 9 BUSINESS OPPORTUNITIES

HOW TO TURN 9 RETAIL IT CHALLENGES INTO 9 BUSINESS OPPORTUNITIES HOW TO TURN 9 RETAIL IT CHALLENGES INTO 9 BUSINESS OPPORTUNITIES Intro According to a recent market study on be the main driver of total retail sales Embracing mobility the state of the retail sector that

More information

Executive Development Workshop. A Systems Approach to Inventory Management

Executive Development Workshop. A Systems Approach to Inventory Management Executive Development Workshop A Systems Approach to Inventory Management OVERVIEW Inventory management is important from the view point that it enables to address two important issues - maintaining adequate

More information

Information Systems in the Enterprise

Information Systems in the Enterprise Chapter 2 Information Systems in the Enterprise 2.1 2006 by Prentice Hall OBJECTIVES Evaluate the role played by the major types of systems in a business and their relationship to each other Describe the

More information

Supplier Strategies for e-tailing Success A Fresh Look at e-tailing, Online Shopping And the Aftermarket

Supplier Strategies for e-tailing Success A Fresh Look at e-tailing, Online Shopping And the Aftermarket A Fresh Look at e-tailing, Online Shopping And the Aftermarket Automotive Aftermarket Suppliers Association November 2015 Delivered by UPS A Fresh Look at e-tailing, Online Shopping and the Aftermarket

More information

Operations and Supply Chain Management Prof. G. Srinivasan Department of Management Studies Indian Institute of Technology Madras

Operations and Supply Chain Management Prof. G. Srinivasan Department of Management Studies Indian Institute of Technology Madras Operations and Supply Chain Management Prof. G. Srinivasan Department of Management Studies Indian Institute of Technology Madras Lecture - 41 Value of Information In this lecture, we look at the Value

More information

S/4HANA Migration Scenarios and Services

S/4HANA Migration Scenarios and Services S/4HANA Migration Scenarios and Services Markus Albrecht 2015-11-12 SAP HANA Platform What is the business impact? What does it mean for the IT? How to prepare such a transition? What is the migration

More information

Content. Chapter 1 Supply Chain Management An Overview 3. Chapter 2 Supply Chain Integration 17. Chapter 3 Demand Forecasting in a Supply Chain 28

Content. Chapter 1 Supply Chain Management An Overview 3. Chapter 2 Supply Chain Integration 17. Chapter 3 Demand Forecasting in a Supply Chain 28 Content Part I: Principles of Supply Chain Management Chapter 1 Supply Chain Management An Overview 3 Part II: Supply Chain Planning & Design Chapter 2 Supply Chain Integration 17 Chapter 3 Demand Forecasting

More information

Omni- Channel Benefits for B2B Commerce

Omni- Channel Benefits for B2B Commerce i Mtkang/Shutterstock B2B ecommerce trends and tides are signaling a shift towards a B2C- like Omni- Channel eco- system. arvato Systems North America 6 East 32nd Street, New York, New York 10016 United

More information

Financial Strategic Management

Financial Strategic Management Financial Strategic Management Resulta Corporate Consulting Cost, performance management & results maximization In a competitive & challenging market environment companies has to hire specialized services,

More information

When Worlds Collide: Next Generation ERP

When Worlds Collide: Next Generation ERP ADVANCED MANUFACTURING RESEARCH When Worlds Collide: Next Generation ERP Bruce Richardson Vice President, Research Strategy When Worlds Collide The View From The Marketplace The Next Generation ERP Market

More information

MERCHANDISING OPTIMIZATION DRIVING SALES AND LOWERING COSTS

MERCHANDISING OPTIMIZATION DRIVING SALES AND LOWERING COSTS MERCHANDISING OPTIMIZATION DRIVING SALES AND LOWERING COSTS Better Merchandising Procurement and Sourcing Supply Chain Management Toronto Montreal Chicago 90 Richmond Street E., Suite 100 600 de Maisonneuve

More information

1) A complete SCM solution includes customers, service providers and partners. Answer: TRUE Diff: 2 Page Ref: 304

1) A complete SCM solution includes customers, service providers and partners. Answer: TRUE Diff: 2 Page Ref: 304 Enterprise Systems for Management, 2e (Motiwalla/Thompson) Chapter 11 Supply Chain Management 1) A complete SCM solution includes customers, service providers and partners. Diff: 2 Page Ref: 304 2) SCM

More information

The New Data Integration Model. The Next Real B2B Integration Opportunity for System Integrators & VARs

The New Data Integration Model. The Next Real B2B Integration Opportunity for System Integrators & VARs The New Data Integration Model The Next Real B2B Integration Opportunity for System Integrators & VARs 2 In this E-book This E-book highlights a new framework called the New Integration Model created to

More information

A New Acid Test for Supply

A New Acid Test for Supply A New Acid Test for Supply Chain Talent Management Key Takeaways n The complexity surrounding the supply chain s evolution has heightened the difficulty of finding and attracting the best available supply

More information

The Business Impact of E-Commerce

The Business Impact of E-Commerce The Business Impact of E-Commerce Ruchi Monga 1 Abstract Electronic commerce refers to the buying and selling of products or services over electronic systems such as the Internet and other computer network

More information

Integrated Fulfillment: Modern Warehouse Management

Integrated Fulfillment: Modern Warehouse Management Integrated Fulfillment: Modern Warehouse Oracle European Value Chain Summit #vcsummit15 Susan Flierl Product Strategy Director, Logistics March 2015 Safe Harbor Statement The following is intended to outline

More information

Aligning Supply Chain Strategies with Product Uncertainties. Lee, Hau L. California Management Review, Vol. 44, No. 3, (2002) pp.

Aligning Supply Chain Strategies with Product Uncertainties. Lee, Hau L. California Management Review, Vol. 44, No. 3, (2002) pp. Aligning Supply Chain Strategies with Product Uncertainties 1 Lee, Hau L. California Management Review, Vol. 44, No. 3, (2002) pp. 105-119 April 1 3, 2013 Overview 2 Issue addressed Fit into broader field

More information

E-Business: How Businesses Use Information Systems

E-Business: How Businesses Use Information Systems Chapter 2 E-Business: How Businesses Use Information Systems 2.1 2007 by Prentice Hall Business Processes and Information Systems Business processes: Workflows of material, information, knowledge Sets

More information

Scope of Supply Chain Management (SCM)

Scope of Supply Chain Management (SCM) Scope of Supply Chain Management (SCM) Session Speaker Prof. P.S.satish 1 Session Objectives To understand the scope of Supply Chain Management To compare different activities of Supply Chain Management

More information

How To Improve Your Business

How To Improve Your Business ACHIEVING OPERATIONAL EXCELLENCE AND CUSTOMER INTIMACY: ENTERPRISE APPLICATIONS Content How do enterprise systems help businesses achieve operational excellence? How do supply chain management systems

More information

Advancing with e-commerce

Advancing with e-commerce Advancing with e-commerce September 2001 A summary of 34 case studies of small business e-commerce ventures. Introduction Early in 2001 the National Office for the Information Economy (NOIE) commissioned

More information

Exploring the PROCESS. Excellence. Apostolos Tsoubris Executive Director, ICAP Group Management Consulting, Private Sector

Exploring the PROCESS. Excellence. Apostolos Tsoubris Executive Director, ICAP Group Management Consulting, Private Sector Exploring the PROCESS Excellence Apostolos Tsoubris Executive Director, ICAP Group Management Consulting, Private Sector Technology transforms markets & business Mc Kinsey Center for Business Technology

More information

The 2011 Global Supply Chain Agenda Market and demand volatility drives the need for supply chain visibility

The 2011 Global Supply Chain Agenda Market and demand volatility drives the need for supply chain visibility The 2011 Global Supply Chain Agenda Market and demand volatility drives the need for supply chain visibility Cover-Reference Number The Supply Chain agenda in 2011 2 The 2011 Global Supply Chain Agenda

More information

Rapid Analytic Application Deployment

Rapid Analytic Application Deployment Paper 180-28 Rapid Analytic Application Deployment David Press, Equitec, Cleveland, OH Sam Iosevich, SAS, Chicago, IL Larry Wasserman, SAS, Chicago, IL ABSTRACT In the 21 st Century, companies have to

More information

Implementing the value chain of the future

Implementing the value chain of the future Implementing the value chain of the future KPMG s Operations Advisory Practice Our mission Our vision is to help member firms clients create breakthrough competitive advantage by designing and implementing

More information

Building Relationships by Leveraging your Supply Chain. An Oracle White Paper December 2001

Building Relationships by Leveraging your Supply Chain. An Oracle White Paper December 2001 Building Relationships by Leveraging your Supply Chain An Oracle White Paper December 2001 Building Relationships by Leveraging your Supply Chain EXECUTIVE OVERVIEW This white paper illustrates why a fusion

More information

Supply chain segmentation: the next step in supply chain excellence. Rich Becks, General Manager, E2open. Contents. White Paper

Supply chain segmentation: the next step in supply chain excellence. Rich Becks, General Manager, E2open. Contents. White Paper White Paper Supply chain segmentation: the next step in supply chain excellence Rich Becks, General Manager, E2open 2 2 4 6 7 9 Contents Executive Summary People, Processes, and Technologies: What It Really

More information

How MAM Solutions Boost Marketing Results

How MAM Solutions Boost Marketing Results How MAM Solutions Boost Marketing Results Creativity. Execution. Results. Why Read this Paper? Companies in growing numbers are implementing marketing asset management ( MAM ) solutions to improve the

More information

SUPPLY CHAIN FLEXIBILITY

SUPPLY CHAIN FLEXIBILITY 66 Romanian Economic and Business Review Vol. 2, No. 1 SUPPLY CHAIN FLEXIBILITY Simona Daniela Grigore Abstract To be flexible means to have the ability to vary as you like, according to the needs. Flexibility

More information

How to Meet EDI Compliance with Cloud ERP

How to Meet EDI Compliance with Cloud ERP How to Meet EDI Compliance with Cloud ERP Lincoln: This is Trek Talk, the Cloud ERP podcast and today s topic is Advantages of an EDI Compliant Cloud ERP. With cloud ERP you can meet your goals for EDI

More information

COMMODITY MANAGEMENT AND ERP

COMMODITY MANAGEMENT AND ERP WHITE PAPER COMMODITY MANAGEMENT AND ERP Introduction Over the last several years, the phenomenal growth and expansion of wholesale commodity trading has begun to have a significant impact on both business

More information

Operations Management Part 12 Purchasing and supplier management PROF. NAKO STEFANOV, DR. HABIL.

Operations Management Part 12 Purchasing and supplier management PROF. NAKO STEFANOV, DR. HABIL. Operations Management Part 12 Purchasing and supplier management PROF. NAKO STEFANOV, DR. HABIL. Introduction basic terms Supply management describes the methods and processes of modern corporate or institutional

More information

A future or forward contract is an agreement on price now for delivery of a specific product or service in the future.

A future or forward contract is an agreement on price now for delivery of a specific product or service in the future. LESSON WHAT IS TRADING? Nothing would last for as long as trading has unless there was an absolute need for it. Consumers need things and producers make things. Trading is the introduction of these two

More information

Strategic Supply Chain Management The five disciplines for top performance. Food & Consumer Products of Canada Webinar Toronto, February 24, 2014

Strategic Supply Chain Management The five disciplines for top performance. Food & Consumer Products of Canada Webinar Toronto, February 24, 2014 Strategic Supply Chain Management The five disciplines for top performance Food & Consumer Products of Canada Webinar Toronto, February 24, 2014 Section 1 Why is strategic supply chain management important?

More information