The Role and the Importance of Supply Chain Management

RF tag programmed with product specific information Electronic product code, also known as EPC, is a successor to bar codes and is a set of alphanumeric characters used to track products with RFID tags. Demand for RFID in supply chain The need for better supply chain performance in organizations brings the adoption of new technology in this field and the need for enterprise level applications to integrate the various elements of the supply chain is very common I became aware. In other words, the need for such superior performance allows organizations to synchronize data and simplify the flow of information.

Supply chain experts play an important role in the design and management of supply chains. In the design of the supply chain, it helps to judge whether products or services are offered by the company (insourcing) or provided by other companies (outsourcing). In supply chain management, supply chain experts coordinate production between multiple suppliers, ensuring that goods are produced and shipped with minimal quality control or inventory problems. One goal of careful design and maintenance of the product supply chain is to build the product well at the lowest cost. Such a supply chain can be regarded as a competitive advantage of a company.

When managing the supply chain, most companies focus on reducing inventory costs. They rarely consider how important the role of the supply chain is in customer management. Proper supply chains can shorten product lead times, increase sales and expand market share. So, how important is the relationship with customers in supply chain management? The overall purpose of inventory is to make products available for sale and earn money. The problem is to know when to own the inventory and when the customer needs it. It sounds easy. It's not. Inventory management is not quite easy. Too much purchase, holding time is too long, inventory costs are rising. If you purchase too little, your company missed the opportunity to sell. Neither is accepted. Before explaining possible solutions, it is best to understand how the appropriate supply chain will shorten lead times, improve customer relationships and expand market share.

Supply Chain and Inventory Management December 6, 2008 Supply Chain and Inventory Management As companies increase the complexity of globalization, competition and global supply chains, companies that recognize supply chain management as the best way for the best organizations is increasing. That is important. It is no longer the responsibility of warehouse managers and logistics managers (Pundir, 2008 and Wharton). - Profile introduced in 1995 and introduced by Jeff Bezos, which is currently regarded as one of the most famous retail sites on the Internet. Sales in 2007 are recorded at $ 14.87 billion. Internet based companies with the most professional product portfolio of the Internet allow customers to find what they want. Amazon's success is based on technology, services, and products (Jens et al., 2003).