Info technology Essay Example | Topics and Well Written Essays - 500 words

Info engine room - Essay ExampleThis article mainly focuses on the approach to be implemented to improve the give Chain trouble in order to effectively cut down on excess costs. The indite discusses how different companies implement the present add Chain focussing principle and expect different and disclose results whereas this is not possible. The author states in this article that to gain fail profit margins and to gain a better hold over the market, each company has to come up with its own Supply Chain Management principle which suits that company.Despite the changes such as Globalization, Real-Time Supply Chain Process, Lean Management for botch Reduction, Accounting Rules and Transparency of sales and acceptance, companies present since ninety years back function the same way of life as they did then.The author suggests the old business principles to be dropped and new improvised ones be implemented. The approach should be more of a strategy than being jut a principle. The first footstep is to design the a new architecture for the Supply Chain Management. The second step is to define the process, people and technology. The third step is to use resources effectively. The fourth and the final step is to include the scope, breadth and complexity of supply chains.Discussion Supply Chain Management involves co-ordinating and integrating the flow of materials, information and finances from supplier to manufacturer to retailer to consumer both(prenominal) within and among companies (Ayers, 2000).The product flow involves the flow or safari of raw materials from the supplier to the manufacturer and the movement of products from the manufacturer to the wholesaler to retailer to the consumer. The information flow involves the flow of information such as transmit orders and updating the status of delivery. Flow of finances includes transfer of credit, payment schedules, etc. Supply Chain Management makes use of