What is Resource Planning?
What is Material Requirements Planning (MRP)? Material requirements planning (MRP) is a computerized inventory control and production planning system. The main objective of any inventory system is to ensure that…
Operation Management
What is Material Requirements Planning (MRP)? Material requirements planning (MRP) is a computerized inventory control and production planning system. The main objective of any inventory system is to ensure that…
Sales and Operations Planning Process Sales and operations planning (S&OP) is an aggregate planning process that determines the resource capacity a firm will need to meet its demand over an…
What is Transportation in Supply Chain? In a supply chain, transportation is the movement of a product from one location to another as it makes its way to the end-use…
Distribution of Global Supply Chain Distribution encompasses all of the channels, processes, and functions, including warehousing and transportation, that a product passes through on its way to the final customer…
What is E-procurement? E-procurement is part of the business-to-business (B2B) commerce being E-procurement is part of the business-to-business (B2B) commerce being conducted on the Internet, in which buyers make purchases…
Measuring Supply Chain Performance As indicated in previous sections, inventory is a key element in supply chain management. On one hand, it enables a company to cope with uncertainty by…
Information Technology in Supply Chain Information is the essential link between all supply chain processes and members. Computer and information technology allows real-time, online communications throughout the supply chain. Technologies…
What is Capacity Planning? Capacity planning in supply chain management refers to the process of determining the production capacity needed by an organization to meet changing demands for its products…
What is Strategy? Strategy is how the mission of a company is accomplished. It unites an organization, provides consistency in decisions, and keeps the organization moving in the right direction.…
A global marketplace for products and services means more customers and more intense competition. In the broadest terms, we speak of competitiveness in other countries rather than in other companies.…