MIS 2101 Chapter Notes - Chapter 9: Rohm, Barcode, Sight-Reading
Document Summary
Supply chain futurists predict the impact of digital transformation: digital supply chain can lower procurement cost by 20%, supply chain costs by. Integrated planning optimization for the entire internal supply chain: optimal planning is only possible with an integrated approach. Internal supply chain: purchasing, manufacturing, distribution, sales, goal: happy customers reached by chain being properly coordinated, challenge: inventory cost control. Inventory control in scm and retailing: setup costs expensive might make more sense to just use barcode. What is scm: technologies organizations invest in to optimize their operations in these different areas, getting the right product on the right shelf at the right time, suppliers (raw materials) manufacturers (creation of finished goods) . 11/7/2017: purchase orders go out to suppliers, raw materials delivered. Inventory sitting in warehouse does not create value for company. Intel can not make products without special component provided by.