Key flows in supply chain management, Other Subject

Assignment Help:

There are three key flows in SCM, namely:

  • The product flow, which consist the movement of goods from a provider to a customer, as well as any customer returns or service desires;
  • The information flow, which consist the transmission of orders and the update of the status of delivery; and
  • The finances flow, which consists of payment schedules, credit terms, and consignment and title ownership arrangements.

Some SCM applications are based on open data models that maintain the sharing of data both outside and inside the enterprise, called the extended enterprise, and contain key manufacturers, suppliers, and end customers of an exact company. Shared data resides in various database systems, or data warehouses, at several different sites and companies. Sharing this data "downstream" (with a company's clients) and "upstream" (with a company's suppliers) allows SCM applications to get better the time-to-market of goods and decrease costs. It also allows all parties in the supply chain to better administer current resources and plan for future needs.30

229_old economy vs new economy.png

                   Figure: Old Economy Relationships vs. New Economy Relationships


Related Discussions:- Key flows in supply chain management

Environmental responsibility in business, Environmental Responsibility in B...

Environmental Responsibility in Business: In business there are three sources of environmental responsibilities: those needed by law, those demanded by ethics, and those that prot

Server environment - in software, In software Server used as an adjecti...

In software Server used as an adjective, as in server operating system, refers to the product's capability to handle numerous requests, and is supposed to be "server-grade". A

Epa certification, whenever dry nitrogen from a portable cylinder is used i...

whenever dry nitrogen from a portable cylinder is used in service and installation practicing what, is of most importance in concidering safety

Public speaking, Which of the following adjectives does not describe a tone...

Which of the following adjectives does not describe a tone appropriate for voice-only communication in an academic or business setting? interested confident optimi

Stem modification, Common name: carrot Scientific name: Purpose of modific...

Common name: carrot Scientific name: Purpose of modification: Common name: ginger Scientific name: Purpose of modification: Common name: onion Scientific name: Purpose of modi

CRO, WHAT IS A CRO? GIVE 20 USES OF CRO?

WHAT IS A CRO? GIVE 20 USES OF CRO?

Community nursingfamily project , hi,I have completed my project just i wou...

hi,I have completed my project just i would like to check grammer mistakes and sentence structure so could you help me for that?

Marketing, . control overthe macro-environment

. control overthe macro-environment

Classical themes, Classical Themes: A main difference among Italian Renais...

Classical Themes: A main difference among Italian Renaissance art and its predecessor is the alternative of subject matter. While medieval art was completely devoted to religious

General vs. thematic cartography, General vs. thematic cartography: In und...

General vs. thematic cartography: In understanding basic maps, the field of cartography can be divided into two general categories: general cartography and thematic cartography. G

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd