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What is Supply Chain Management (SCM) ?. SCM is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize systemw
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AIM 4343
03/22/2004
2. What is Supply Chain Management (SCM) ? SCM is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize systemwide costs while satisfying service level requirements.
3. What is Electronic Data Interchange (EDI) ? EDI is a set of standards which allow trading partners to use electronic (instead of paper) means to exchange data when performing purchasing, shipping, and other transactions. Communication via EDI can be established via private and public nets, the most popular being the internet. One of the benefits of using EDI is the reduction in information lead times (e.g., the time it takes to process an order).
4. What is Enterprise Resource Planning (ERP)? ERP is a business management system that integrates all facets of the business, including planning, manufacturing, sales, and finance so that they can become more closely coordinated by sharing information. ERP software models and automates many basic processes, such as filling an order or scheduling complex, expensive links between computer systems in different areas of the business.
5. Major segments of the Enterprise Application industry Enterprise Application ERP SCM SCP SCE SCP—Supply Chain Planning SCE—Supply Chain Execution