How has the IT Industry Supported the Supply Change Management System?

by

1.Which areas do you want to research or are you interested in? e.g., Service Management, Process Management, HRM, Marketing, etc

The area of my research is Supply chain management, and the topic is, a study about the impact of Information Industry on Supply Change Management. Supply chain management is related with the flow of information and products between the members of supply chain department of an organisation. Current development and innovations in the Information industry has enabled firms in availing information and data easily while staying in their organisation (Daniel & Mentzer, 2005, 113). These innovations in technology have helped the organisations in coordinating the activities for the appropriate management of supply chain processes. The increase in rate of technological changes has decreased the cost of acquiring and accessing information for the organisations. Managers are required to understand that information technology is more than just computer technology. It also includes factory automation, communication technologies and other hardware related services. Supply Chain Management, which is known as SCM, involves integrating and coordinating the flow of various procedures both among and within the organisations. According to researchers, the ultimate objective of any kind of supply chain management system is to decrease the inventory while assuming that products are readily available when they are needed. According to Cooper & Slagmulder (2009), the management of the supply chain management (SCM), is emerging as the combination of technology and best business practices worldwide. Companies have improved their internal operations are now working to achieve greater savings and benefits by improving processes and information exchanges that occur between business partners (Copacino, 2007, 102). A successful supply chain delivery to final customers the right product at the right place at the right time, the required price and the lowest possible cost. Best SCM programs share common features, first of all, have an obsessive fixation on customer demand. Instead of forcing the products to market quickly sold may or may not meet the demands of customers or be complete financial failure, this type of initiative is plotted development objectives and producing products that are demanded by customers, minimizing, the flow of raw materials, finished products, packaging materials, money and information at each point of the product cycle. Supply Chain Management (SCM) is defined by many experts in the field as the planning and management of all activities involved in sourcing, procurement, data conversion, and logistics management activities (Barnes, 2003, 630). In addition, it includes coordination and collaboration with channel partners (industry participants), which can be suppliers, intermediaries, third-party service providers, and customers. In essence, Supply Chain Management integrates supply and demand management within and across companies. Supply Chain Management includes a combination of practices and approaches that effectively incorporate distributors, manufacturers, customers and suppliers to improve a firm's performance in the long-run and their supply chains. These practices represent opportunities for organizations to differentiate themselves on the basis of superior performance in the context of demand forecasting, product availability, ...