Supply Chain Management exam 3

BQ17

5 main supply chain softwares

• supply chain planning

• supply chain execution

• event management

• business intelligence

• facilitating tools

Goals of technology and def (8)

• Optimization: peak performance of a supply chain requires alignment of resources within and across organizations

• Cross-chain visibility: visibility to events occurring across the supply chain is a pre-requisite for effective decision making

• Speed to Market: properly implemented technologies capture customer requirements, prioritize them, and recommend alternatives to ensure product velocity aligns with customer needs

• Agility: decision support tools provide the ability to model volatility scenarios. This helps the company sense and respond to changing market conditions

• Collaboration: access to a common data pools supports collaboration on strategies, processes, and exception response by linking geographically dispersed supply chains to achieve seamless information sharing

• Adaptability: managers must alter the design and capabilities of a supply chain to meet evolving market conditions

• Differentiation: technology can help an organization align demand and supply to optimize profit, understand the cost to serve customers and prioritize service execution

• Risk Management: Companies use predictive analytics and risk management technologies to understand and minimize threats

Goals of Technologies (just terms 8)

Optimization

cross-chain visibility

speed to market

agility

collaboration

adaptability

differentiation

risk management

Supply chain technology

high quality data is essential to technology and effective decision making

Characteristics of High quality data (7)

1. accurate- data must be correct and depict reality

2. Accessible- data must be readily available for decision making purposes

3. Relevant- data must contain pertinent details and support analysis

4. Timely- data must be current

5. Transferable- data must be portable and readable by multiple systems

6. Reliable- data must come from credible sources unaltered

7. Usable- data must support stringer decision making

Supply chain PLANNING software focuses on

• strategic network design

• capacity planning

• demand planning and forecasting

• procurement planning

• production planning and scheduling

• distribution planning

Supply chain EXECUTION def

these tools facilitate the efficient use of resources to control supply chain costs and achieve quality and service requirements

Supply chain EXECUTION applications

• warehouse management systems (WMS)

• Transport management systems (TMS)

• Manufacturing execution systems (MES)

• Global trade management tools (GTM)

• Distributed order management tools (DOM)

Supply chain EVENT MANAGEMENT tools provide:

• visibility of critical flows and help provide early warning signals of deviations from plans

• Triggers corrective actions or recovery recommendations based on predefined work-flow rules

• help decision-makers implement the best alternative in terms of cost, time, and customer service requirements

Business Intelligence Tools

extract data from execution systems across the supply chain and provide summaries and data visualization that enable timely identification of anomalies, opportunities and solutions

Enterprise Resource Planning definition

business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to sales, finance, manufacturing, customers, supply chain, and human resources

Supply chain planning def

provides accurate, detailed information about issues that affect planning and development of supply chain

Supply chain planning characteristics