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Does Technology Solve the Problems of Supply Chain Management - Essay Example

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Supply Chain Management in industries is replete with problems that take up different shapes at different points in time. Supply chain is viewed as an art and a science. This paper aims at studying the varying thoughts on the supply chain and whether technology adds to the solution or to the problem…
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Does Technology Solve the Problems of Supply Chain Management
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"Does Technology Solve the Problems of Supply Chain Management"

Download file to see previous pages Various technological advances took the status of these systems forward by implementing integrated Supply Chain Management which integrated the inventory of the company with its vendors.

Thirdly, changes in the design of products were needed to meet the customer requirements faster. This meant that the designs brought into fore by the design department need to be enabled at the earliest point in time. This was made possible by bridging the gap between the design team and the procurement team (N. Viswanadham, 2000). The designs that were getting lined up at the company had to be brought into use at the vendor's production floor. This was made possible by employing appropriate technologies to enable smooth flow of design to the production floor, albeit with the vendor.

Supply Chain is the entire process, involving the following components: 1. Plan 2. Source 3. Make 4. Deliver 5. Return. The process should take care of the complete process of planning for the requirements. This would involve Material Requirement Planning (MRP). This would indicate the quantity requirements, the quality requirements, time and financial requirements. All these integrate to make up the material requirement planning. The design of the systems would specify the quality and the quantity requirements for a specific production plan. The production plan would also mention the date and time when the materials would be required in line with the JIT management practices. The commercial implications of the procurement process will be decided by the marketing based on the final sale price of the product manufactured. All these factors would affect the initial plan...
The work will involve using the literature that is available. This would be through further reading in the same lines as that for this introductory work.The report would throw out a concluding answer to the question whether the supply chain management issues could all be sorted out using appropriate technology. All the successes and the failures of employing technology will also be listed. In the course of this work, it will also be identified where technology has not made up to meet the requirements of the people. The methodology for getting over these issues will also be discussed after suitable study. All these requirements will be met based on the study that has been done and the final target will be met. The final conclusion is expected to be an Yes for the question whether the technology has helped optimise Supply Chain management or not.
The article stresses that once the literature review is done, appropriate analysis is done to ascertain the impact of technology on supply chain. This would help in understanding the success of the technological innovations in this field. In addition to that, the effectiveness of such technological innovations and the extent to which they are trustable is also identified from the analysis. The analysis of the literature will also throw up other issues that have come up because of technological application on the supply chain. The advantages will also be discussed in short and the disadvantages along with issues that need to be countered or remain unsolved are also listed down. ...Download file to see next pagesRead More
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