E-business on SCM
An assessment on the Effects of E-Business SCM initiatives
Emerging trends in the information technology sector in trading firms have specifically altered the supply series administrations. The initiative of supply chains management has since then changed from collective production to collective customization. Generally, the aim remains the same, which is higher productivity, and quality services to the clients but certain effects have risen up from the IT innovations.
First of all, a revolutionized management of supply chains has been initiated within majority of the firms as a result of the use of information technology in handling supply series. Means and strategies that the administration employs during supply activities within the business have greatly changed for a better operational surrounding within the industry. New equipment and staff calls for new means of supervision within the supply department. Another impact of the use of information technology in the supply chains running is the increased speed of collection and analysis of data during observation of demand in actual time. All chains of supply in the firm are therefore reorganized and obtain better results as information now flow smoothly across and between diverse firms in the industry.
With better management in the sales, offloading, excellence and production, less instability during the production of goods and services within the organization when using the systems of E-Business SCM initiatives. Decision creators within the supply administration have been enhanced as data can now be shared between firms in the industry and improve the particular courses within the business. If inaccurate information is shared and the speed enhanced during the transfer of information is not developed, then the supply chain within and outside the firms becomes distorted as information handling has now become complex. Other effects that can be felt in an organization that utilizes initiatives of the E-Business SCM include increased quality in the trend of production development. Authority over the improved mechanization and the quality of the goods and services has significantly developed the supply chain processes that ensure quality service and contentment amongst the clientele. E-Business initiatives have been able to reclaimed the upwards trend in the chain supply that prevents complexity in the information interaction between the firms and other related firms in the industry.
A comparison on the demands and expectations of different types of customers in this industry
Current business management methods are changing with the trends in information technology and are also becoming the most essential part of the business. Relationships of firms with their customers requires the most standard principles as it is this sector that determines the demands and offers satisfactory claims from the clientele to the firm and vice versa. As far as the supply management department is concerned, the business would be satisfied with waiting for the customer to make the requests regarding the product or service. Nevertheless, different customers behold different types of expectations and also have different levels and opinionative satisfactions. Some customers would wait in line for the product to be presented according to the manufacturers preferences while other consumers would compromise some additional features within the product.
Companies in the industry would consider the preferential client in the category of lost sales as the product could be rendered as unavailable. For a customer to choose the right kind of inventory product from a firm, it has to be a challenging course as the firm offers little satisfactory limits to avoid the arrangement of goods in the inventory manner of lost sales. For the consumers who choose products from an already manufactured stand have less chances of complaining about the product as the satisfaction of a large number of clients in the industry can outdo the complaints of the few. Therefore, different sorts of clients have diverse types of preferences and tastes concerning the products produced but very few of the firms offer inventory products services to specific customers to avoid lost sales.
A comparison of the traditional and e-business procurement processes in this industry
With the introduction of the information technology knowledge to the Business industry in the 20th century, E-Commerce, E-Business and ICT have been the main connections created in the firms that produce related goods. In comparison with the past methodologies of conducting transactions, E-Commerce has been able to hand out relevant data required in businesses from the suitability of the client and the top management of the firms. Worn out means of communication and transport for instance, which are very crucial aspects of business, have drastically increased from the use of coal trains and landline telephones to the fast 3G internet. Obtaining information concerning any level or department in the firm has now become very fast and dependable during the analysts of the firms hold conferences on improving the quality of the businesses products. The supply chain management in particular has shifted to SCM initiatives in the ICT sector from the use of time taking means of transport from the supplier to the firm and their warehouses. E-procurement techniques therefore need to be understood in a proper manner as the firm fully relies on information technology enhancements to please and increase loyalty by the clients.
Reference:
Siems, T. & Basu, A. (2004). The impact of E-Business technologies on supply chain operations: A macroeconomic perspective. Dallas: Federal Reserve Bank of Dallas.
