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

Paradoxical role of the immune system, 1) Discuss the implications of stres...

1) Discuss the implications of stress on the CV system and cancer development. 2) Explain the paradoxical role of the immune system, including the inflammatory response, in tumo

Humanities, one of the ideals the greeks strived for was a a. unified Greek...

one of the ideals the greeks strived for was a a. unified Greek State B.uniform religion with one major deity C. balance and moderation in life. D. recognition in life that all hum

Interior Design, I have an interior design project, to design a restaurant,...

I have an interior design project, to design a restaurant, would you do?

General improvements in quality of life, In addition to help with specific ...

In addition to help with specific goals or difficulties, clients who undertake counselling can experience general improvements in quality of life, including: ?decreased defen

Timber, what is timber defects

what is timber defects

Explain what is meant by counselling, Question 1: (a) With reference to...

Question 1: (a) With reference to literature and/or theories, explain what is meant by counselling. (b) Show six characteristics which counsellors display while conducting c

Modern cryptography systems: a hybrid approach, Modern Cryptography Systems...

Modern Cryptography Systems: A Hybrid Approach In fact, a mixture of both public key and traditional symmetric cryptography is used in current cryptographic systems. The motiva

Paired reading, how do i write a paired reading diary

how do i write a paired reading diary

How technology can improve online learning, Please reply to this first stud...

Please reply to this first student response: How technology can improve online learning In this article "How Technology Can Improve Online Learning" Robert Mendenhall tells us more

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