Student ID – 8772

E-Commerce

Supply Chain Management:

Supply Chain Management (SCM) to streamline product performance and flow from raw material
demands to production, processing and delivery to end customers. SCM includes the integrated
planning and implementation processes required to manage the movement of goods, information and
financial resources in activities that generally include demand planning, acquisition, production, asset
management and storage, transportation - or delivery - and excessive or improper return of products.
Procurement management depends on both business strategies, specialized software and operational
collaboration. Because it is a broad, complex task, each partner - from suppliers to producers and
beyond - must connect and work together to create efficiency, risk management and adapt quickly to
change.

Advantages of Supply Chain Management:

1. HIGH LEVEL OF PERFORMANCE:

When your business is able to incorporate supply chains, integrated settings, and product design
strategies, you will be in a better position to not just speculate on demand and do the right thing. And
this, without a doubt, is one of the main benefits of supply chain management. Why? When your
business uses consumer management systems, it will be able to adapt more to dynamic economic
forces, emerging markets, and shorter product life cycles.

2. REDUCE COSTS EFFECTS:

One of the benefits of cost management is the reduction in costs in various areas. Most important are:

 Improves your creativity;

 Repairs finished storage space that removes damaged resources;
 Improves your system's response to real customer needs;
 It enhances your relationships with distributors and vendors.

3. EFFECTS:

One of the key benefits of supply chain management is improved communication. This adds to the
interaction and collaboration with shipping and shipping companies, retailers and suppliers.

4. EXPAND YOUR BENEFIT BUSINESS:

When you keep your business open to new technologies and advanced collaborations in a variety of
areas, you can be sure that this will increase your business profitability level.
5. PROMOTING THE LEVEL OF COOPERATION:

Speaking of the most successful businesses right now, one of the things they all have in common is
communication. In fact, when there is a lack of communication, your sellers and distributors have no
idea what is going on. Therefore, this is certainly one of the key benefits of asset management. Also,
when you open your doors and accept technology, you can take advantage of the fact that people do
not need to and that they share the same space in order to have real communication.

Communication between different areas of your business will allow you to quickly access forecasts,
reporting, quotations, positions, among many other programs in real time.