logo image

Supply Chain Management Essay

Supply Chain Management broadly comprises from the effective and efficient planning and to the management of various activities drawn in resourcing and procurement, movement and storage of materials, conversion of these raw materials into transitional or the so called work-in-progress inventory to the final output or the finished products. Subsequently, it also encompasses successful distribution of these finished products to the point-of-consumption, the customers.

Thus, this gives a crossing point among the information systems involved in all other business functions. Having this as the focal point will consequently help the company achieve each goal in financing and engineering since information systems involved in supply chain management reduces cycle times and cash management as well.

Let’s have a medical supplier as an example on how information systems contribute to a competitive advantage. In Finance, as a supplier, use of appropriate financial information systems in managing cash outflow for payables and supplies bought is significant to balance customer sales orders from orders replenishment stock while making surplus on cash inflow through sales and invoices. As for engineering information systems, the company will be able to design new products through identification of various user needs thus developing a prototype and concept, create testing and other

Need essay sample on "Supply Chain Management Essay"? We will write a custom essay sample specifically for you for only $ 13.90/page

production techniques resulting to minimized engineering lead time.

While for the Supply Chain Management, manufacturing and inventory control information systems help staging area operations such as procurement of raw materials, processing and delivery of stocks and lessen phases in the warehouse data repository. These data will be transformed into information and makes these readily available to users in the supply chain such as the purchaser and warehouse-in-charge. This is very effective in minimizing costs in maintaining inventory and supply.

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy