Related Questions
What is the benefit of information sharing in the supply chain?Information sharing is a vital aspect of coordination amongst parties in a supply chain. Information sharing can increase supply chain efficiency by reducing inventories and smoothing production.
How can the performance of a supply chain be improved?Optimize stock control. Avoid inventory stockouts. Set automatic reorder points. Improve demand forecasting.
How can information technology be used to improve the supply chain efficiency and effectiveness?With computerized product management, RFID chips and a barcode system provide increased visibility that can substantially improve your supply chain efficiency by detecting any order anomalies as they occur — enabling employees to immediately correct mistakes and reduce errors.
How information technology can improve supply chain?5 Ways Tech Can Improve Your Supply Chain. Create a proactive supply chain by enhancing end-to-end visibility. ... . Identify and build relationships with a diverse portfolio of suppliers and vendors. ... . Manage a complex supplier network to be responsive in real time. ... . Quickly note warning signals, solve issues and forecast problems.. |