Information Sharing in Supply Chain Management
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Today, many businesses are failing owing to the incompetency in achieving an effective supply chain process. Also, those who are able to successfully manage the supply chain are not successful just by managing this alone. Rather, businesses succeed when they combine other marketing strategies with a successful implementation of supply chain process. Newer techniques already are in place and there is a need for more innovative solutions to come out with an effective supply chain management. In this paper, an attempt has been made to emphasize the important of challenges facing the organizations today, current trends and techniques existing in the marketplace with respect to supply chain process and henceforth the solutions have been suggested to help those who are in businesses. The limitation of this paper is it does not present any market data or statistical data which is only possible when a industry or a particular firm is studied in detail. However, certain solutions are good to be taken note of and to be implemented.
Table of Content
The components of Supply Chain
Lean SCM and the necessary attributes
A comparison of traditional supply chain with Collaborative Network Supply Chain
Potential Benefits of E-SCM
Evolution of Supply Chain
Challenges in the SCM and information sharingInformation sharing and Modeling of Supply chain Management Some ExamplesAn Exclusive Example of Barnes & NobleSolutionsConclusion References
As supply chain is an integral part of every company and every industry, it becomes imperative to view SCM from the perspective of E-commerce today. While a traditional SCM consists of the flow of materials and products or services from the first member in a supply chain process to the end consumer, the modern SCM involves the use of IT to restructure the traditional processing in order to achieve higher service level, lower inventory levels and low supply chain costs. The use of E-commerce technologies facilitate the information sharing across the various channel partners in a supply chain and sometimes may also eliminate role and activity of certain intermediaries. The disintermediation makes the distribution network allowing for easier and effective flow of information while at the time reducing the transaction costs.
During the 1980s era, the importance of information between the channel partners and between the various functional areas within an organization was overlooked because of the paper based transactions. And as the organizations turn from paper-based to paperless, IT infrastructure has evolved and transformed to render the SCM more viable and more capable of delivering products to the end consumer. The factors that led to the growth of E-supply chains were the increasing importance of information which helps in strategic planning, to help the customer by all means and reduce the inventory and requirement of human resources and finally to reduce costs. In the context of information flow, access and development, the first and the foremost requirement is to have all the supply chain members tightly integrated with each others to have readily available source of information. The second requirement is to reduce the number of input errors when transactions are recorded in the database so that the flow of information takes place smoothly. The important thing for the
companies to understand is that conventional supply chain integration need to be expanded beyond the peripheries, only then the can the organization be successful in their businesses. Supply Chain defined: In general, supply chain management is considered both an art...
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