Log 502

Module 1

Case Assignment

LOG 502

TUI University

Dr. Julie J. Gentry

Management, across all industries, will need to embrace collaboration with customers and suppliers in the planning and replenishment process. As customers and suppliers band together in mutually beneficial partnerships, the need for better Supply Chain Management processes and systems is very evident and a very high business priority. The following paragraph will attempt to summarize the question about how will setting supply chain standards improve supply chain management?

How will setting supply chain standards improve supply chain management? It will help to the supply chain management to provide fast access to relevant and accurate information. This timely supply chain information can pay off handsomely in lower costs, less inventory, improved throughput, shorter cycle times, and the highest levels of customer service. Also, improving supply chain management is getting lots of attention because forward thinking managements know it is the best strategy to increase and maintain market share while at the same time improve profits. The very essence of supply chain management is effective information and material flow throughout a network of customers and suppliers. By using the Internet, companies simply have better and more far reaching ways to speed up the information flow process and make it more effective. For many companies, it is now clear that the supply chain that best manages the flows of both information and material can significantly differentiate itself from its competitors. As customers and suppliers band together in mutually beneficial partnerships, the need for better and better supply chain management processes and systems becomes more critical. Industry groups agree that in many businesses, market share will be won and lost based on supply chain performance. Good supply chain practitioners know that information should be passed on only to those who need to know it, when...