Reflective writing lecture 6

Today Monday 28 may 2012

Lecture 6 – Supply Chain Management

Topics covered about:

-         Creating value via the supply chain.

All suppliers, transportation and brokers are combined to provide a material to a business. Supply chain management is the process of taking an active role in working with suppliers.

-         Benefits of using web technologies in supply chain management.

All people can share the information about customer demand fluctuations. Can received updated product design changes rapidly. Can make fast and easy payment transactions. Save cost and safe in entering transaction data process.

-         Materials tracking technologies.

Using optical scanners and barcodes for make a transaction processing system. Allows inventory record data flow to be managed. Small chips are used to track the inventory items.

-         Ultimate consumer orientation.

All member of a supply chain always have the strong negotiations to the customer focus. Communications can be improved by using internet technologies and it helps a lots.

-         Building and maintaining trust.

Trust is the important issue in performing supply chain group. All suppliers can keep in contact with customers cheaply and more easily. Give the right access to comprehensive information for helping to create the trust.