Simplifying Supply Chain Management: Let Your Bank Handle the Technology

Topics:
Logistics Planning
Tags:
Association For Financial Professionals,
Bank,
Enterprise Software,
SCM,
Software,
Supply Chain,
Supply Chain Management (SCM)
Source:
Association for Financial Professionals

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Overview: With advances like the Internet and supply chain management methodologies, suppliers and buyers can communicate more easily, plan in greater detail, and save money through efficiencies. For retailers and other companies that manage supply chains, technology can greatly improve inventory management through "Just-in-time" orders and delivery schedules. Buyers are able to place smaller, more frequent orders, which help reduce payment risk, while monitoring and managing their inventory through sophisticated tracking technology. As a result, the buyer-seller relationship is strengthened because both parties are more closely aligned and doing more business with each other.

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Format: PDF | Size: 66KB | Date: Apr 2006 | Pages: 1


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