ACCA SBL Syllabus E. Technology And Data Analytics - IT and the Supply Chain - Notes
Supply Chain problems and how e-business can help
Problems of Supply Change Management | How e-business can help |
---|---|
Keeping manufacture & distribution costs low | Less paperwork by EDI of orders, invoices & delivery notes. Reduced stockholding through shared information |
Forecasting Demand | Sharing knowledge of demand with suppliers using Efficient Customer Response (ECR) |
Failure to deliver on time | Supplier becomes responsible via vendor managed inventory |
Failure to deliver correct product | Less human error - less humans involved! |
High Inventory Costs | Less inventory due to better understanding of demand |
Product development speed | Online marketplaces gives more info about suppliers and components |
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Syllabus E. Technology And Data Analytics
E4. Principles of e-business
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Syllabus E. Technology And Data Analytics
E5. IT Systems Security And Control