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

Apply relevant legislation and guidance - law, Jim and Maureen Stewart live...

Jim and Maureen Stewart live with their two children, Hamish aged 11 and Alexandra aged 13, in a council owned property within an inner London borough. Jim has a long standing diag

Financial Accounting, VK Ltd a multi-product Company, furnishes you the fol...

VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000. First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total Cos

Anthropology, Anthropology- The word anthropology itself tells the basic st...

Anthropology- The word anthropology itself tells the basic story. From the Greek anthropos ("human") and logia ("study"), it is the study of humankind, from its beginnings millions

CWE, What is the importance of writing, both academically and professionall...

What is the importance of writing, both academically and professionally

Hypotheses for factor analysis, Confirmatory factor analysis (model testing...

Confirmatory factor analysis (model testing in structural equation modeling): Variables (usually at least 5) are observable indicators of one or more underlying factors that are

Locate and download "10 Strategic Points Template wi, Ask queConsider a pot...

Ask queConsider a potential gap in the literature that is emerging from your ongoing reading in your field of interest including no less than five specific research studies. Using

Human beings are responsible for environment degradation, I am reading in u...

I am reading in university where i get an reasearch topic on Human beings are responsible for environment degradation I am facing some problems in my assignment of Human beings are

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