By using the Internet in supply chain management firms can: ? share information about customers' demand ? receive quick notifications on product design changes ? increase the speed of processing transactions ? reduce administrative overhead ? reduce unnecessary inventory ? eliminate obsolete business processes ? reduce error in entering data Supply Chain Differences between B2B and B2C The steps on a B2B supply chain differ somewhat from those of the B2C chain...
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B2B in many cases uses extranets by which all members of the chain and suppliers are able to see stocking levels and inventory. B2B supply chain includes the purchase of direct materials (raw materials and components that are used for manufacturing products) while B2C supply chain includes the purchase of the final product by the consumer...
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logistics Understand the role of information systems and internet technology in inventory management, order processing and supply chain integration. Understand the significance of the growth of electronic commerce on logistics systems...	2 / 451
Physical Distribution System When an organization decides on what distribution channel to use, it creates the final link in the supply chain. A supply chain is the complete order of suppliers that contribute to creating the product or service and distributing it to business users and consumers...	1 / 206
Importance of Supply Chain Management SCM oversees and optimizes the processes of acquiring inputs from suppliers (purchasing), converting those inputs into a finished product (production), and delivering those products – or outputs - to customers (fulfillment)...	4 / 915
supply chain mangment The process help companies find the money in their supply base, get the money to the bottom line quickly and keep the money coming with a renewable and repeatable approach...	3 / 590