When each stage in a supply chain optimizes its individuals (local) objective, without taking into consideration the impact of its action on the entire supply chain, lack of coordination exists in the supply chain. If proper coordination exists among the various stages in the supply chain, total supply chain profits can be higher than what could be achieved when each … [Read more...] about 7 Impacts of Lack of Coordination on Supply Chain
Marketing and Sales
Information is crucial to the performance of a supply chain or logistics because it provides the basis on which supply chain managers make decisions. Information technology consists of the tools used to gain awareness of information, analysis this information, and execute it to increase the performance of the supply chain. In addition to the internet-based technologies, … [Read more...] about 10 Types of Information Technologies Used in Supply Chain or Logistics
The application of information technology to the process of planning and control of supply chain activities (including logistics activities) has grown rapidly with the introduction of microcomputers. In modern management, information has become a central feature of management planning and control. Computers and information technology have been used to support logistics … [Read more...] about 7 Key Importance of Information Technology in Supply Chain
For any firm to be successful, its supply chain strategy and competitive strategy must have a strategic fir like, both supply chain and competitive strategies should have the same goal. Strategic fit requires consistency between the priorities of the customers that the competitive strategy is designed to satisfy and the capabilities that the supply chain aims to … [Read more...] about 7 Important Supply Chain Drivers (with Examples)
Physical distribution management is concerned with transportation, materials handling, packaging, warehousing (and locations of depots), inventory policy, stock control, and order processing. Physical distribution has become an important function of sales and marketing in this industrial age. Need and Importance of Physical Distribution The importance of this function … [Read more...] about What are the Importance of Physical Distribution System?