ECOM320 Assign2
Part A: Short-answer Questions
1. Explain why supply chain management should be aligned with corporate strategy. Justify your answer with an example.
Supply chain management is essential to align the E-business information system applications that provide to incorporate the systems of commerce to streamline its value chain. The streamlining of the internal value chain combined with the external supply chain is essential for strategy of e-business that allows businesses to respond promptly to the gradually more severe demands of customers online. Tools that assist in aligning the corporate strategy are using the integration of intranets within the corporation that also extend outside the company which are called extranets. Additionally, using business transactions that are carried out by the internet are called: electronic data interchange (EDI); this shows that the business had integrated the use of money through the internet to integrate and streamline the business processes. As the need for companies to condense costs and prices while improving customer service and product quality. The supply chain is the set of processes that encompasses everything from sourcing, transportation, manufacturing, distributing, wholesaling, retailing, and final delivery of goods. Supply chain management has become a progressively more significant factor of corporate strategy over the past several years.
2. Explain how the Internet and e-commerce has affected the strategic planning process. (Think about Porter’s 5 forces.)
The Internet and e-commerce has affected the strategic planning process by how Porter’s 5 forces show us that the competitive forces model identifies five major forces of competition which determines an industry’s structural attractiveness. Porter has identified several ways that the Internet impacts each of the five forces of competitiveness: bargaining power of consumers and suppliers, threats from substitutes and new entrants, and rivalry among existing
1. Explain why supply chain management should be aligned with corporate strategy. Justify your answer with an example.
Supply chain management is essential to align the E-business information system applications that provide to incorporate the systems of commerce to streamline its value chain. The streamlining of the internal value chain combined with the external supply chain is essential for strategy of e-business that allows businesses to respond promptly to the gradually more severe demands of customers online. Tools that assist in aligning the corporate strategy are using the integration of intranets within the corporation that also extend outside the company which are called extranets. Additionally, using business transactions that are carried out by the internet are called: electronic data interchange (EDI); this shows that the business had integrated the use of money through the internet to integrate and streamline the business processes. As the need for companies to condense costs and prices while improving customer service and product quality. The supply chain is the set of processes that encompasses everything from sourcing, transportation, manufacturing, distributing, wholesaling, retailing, and final delivery of goods. Supply chain management has become a progressively more significant factor of corporate strategy over the past several years.
2. Explain how the Internet and e-commerce has affected the strategic planning process. (Think about Porter’s 5 forces.)
The Internet and e-commerce has affected the strategic planning process by how Porter’s 5 forces show us that the competitive forces model identifies five major forces of competition which determines an industry’s structural attractiveness. Porter has identified several ways that the Internet impacts each of the five forces of competitiveness: bargaining power of consumers and suppliers, threats from substitutes and new entrants, and rivalry among existing
References: University, Adapted by Faculty of Business- Athabasca. Electronic Commerce for Managers. Pearson Learning Solutions, 2014. VitalBook file.