Page 195 - DMGT505_MANAGEMENT_INFORMATION_SYSTEM

Management Information Systems

Notes  Transportation strategy, including frequency, routes, and contracting.
 Benchmarking of all operations against competitors and implementation of best practices
throughout the enterprise.

 Milestone payments.
Operational

 Daily production and distribution planning, including all nodes in the supply chain.
 Production scheduling for each manufacturing facility in the supply chain (minute by
minute).

 Demand planning and forecasting, coordinating the demand forecast of all customers and
sharing the forecast with all suppliers.

 Sourcing planning, including current inventory and forecast demand, in collaboration
with all suppliers.
 Inbound operations, including transportation from suppliers and receiving inventory.

 Production operations, including the consumption of materials and flow of finished goods.
 Outbound operations, including all fulfillment activities and transportation to customers.
 Order promising, accounting for all constraints in the supply chain, including all suppliers,
manufacturing facilities, distribution centers, and other customers.

Task Discuss m-commerce application in supply chain management.

Reverse Supply Chain Reverse Logistics is the process of planning, implementing and controlling
the efficient, effective inbound flow and storage of secondary goods and related information
opposite to the traditional supply chain direction for the purpose of recovering value or proper
disposal. Reverse logistics is also referred to as “Aftermarket Customer Services”. In other
words, anytime money is taken from a company’s Warranty Reserve or Service Logistics budget
that is a Reverse Logistics operation.

Self Assessment

Fill in the blanks:
14. SCM has evolved through the application of ................................ technologies into a powerful
strategic function.
15. ................................ is the process of planning, implementing and controlling the operations
of the supply chain as efficiently as possible.
16. ................................ is the process of arranging the payment terms and the methodologies
for exchanging funds across entities within the supply chain.

190 LOVELY PROFESSIONAL UNIVERSITY