What are the different types of supply chain management?
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Supply Chain Planning Systems
These systems provide information that help businesses in the planning of their supply chain. Some of the important supply chain planning functions are as follows:
Forecasting demand for specific products and preparing sourcing and manufacturing plan for those products.
Estimating the quantity of the product to be manufactured in a given time period
Deciding the location where the finished goods are to be stored
Identifying the transportation mode to be used for delivering the products
Setting the inventory levels for raw materials, intermediate products, and finished goods
Determining the product quantity a business should make in order to meet all its customers’ demands
Supply Chain Execution Systems
These systems provide information that help businesses in the execution of their supply chain steps. Some of the major supply chain execution functions are as follows:
Managing the flow of products from the manufacturers to distributors to retailers and finally to customers in order to ensure the accurate delivery of products
Providing information about the status of orders being processed so that the vendors could provide the exact delivery dates to customers
Tracking the shipment and accounting for the products that have been returned or are to be repaired and serviced
These systems provide information that help businesses in the planning of their supply chain. Some of the important supply chain planning functions are as follows:
Forecasting demand for specific products and preparing sourcing and manufacturing plan for those products.
Estimating the quantity of the product to be manufactured in a given time period
Deciding the location where the finished goods are to be stored
Identifying the transportation mode to be used for delivering the products
Setting the inventory levels for raw materials, intermediate products, and finished goods
Determining the product quantity a business should make in order to meet all its customers’ demands
Supply Chain Execution Systems
These systems provide information that help businesses in the execution of their supply chain steps. Some of the major supply chain execution functions are as follows:
Managing the flow of products from the manufacturers to distributors to retailers and finally to customers in order to ensure the accurate delivery of products
Providing information about the status of orders being processed so that the vendors could provide the exact delivery dates to customers
Tracking the shipment and accounting for the products that have been returned or are to be repaired and serviced
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