BUAD 331 Study Guide - Midterm Guide: Vendor-Managed Inventory, Enterprise Resource Planning, Advanced Planning And Scheduling
Document Summary
Existing process: slow, inefficient and communicates dated information: collaborative process: communicates up-to-date planning information in real-time. Example: web - people talk to whoever they want and do not have to communicate in a line. Substitute information for inventory b/c inventory is expensive. Sc information flows - 2 types; both must be synchronized. Enterprise resource planning (erp: gives you the system capability to talk to all the different parts of your organization, share all the data from different places in one consistent, standardized data warehouse, advanced planning & scheduling (aps) Supply chain execution software (sce: driving sc operations through synchronized it. Successful companies use information and it to improve customer responsiveness. Ba 331 exam 2 study guide: companies can link the replenishment of product in the marketplace with their upstream operations and those of their suppliers through the use of shared information.
