SUPPLY CHAIN MANAGEMENT
Few concepts have revolutionized business more profoundly in recent years than supply chain management. Simply put, the streamlining of communications and materials delivery from
Vendors to operation and on to customers can yield enormous business benefit improve Customers service, reduced inventory, shorter cycle times, increased agility, and higher asset Utilization levels, to name a few. After catching fire in the manufacturing and retail sectors,
The same principles are now heating up virtually every industry.
With shrinking product life cycles, shifting competitive landscapes, and drastic changes to consumer buying patterns, supply Chain Management is no simple task. But powerful new tools are helping replace guesswork about planning, scheduling, and execution with systematic and Scientific insight. Earlier, Waves of enterprise resource planning (ERP) software that integrated financial and distribution functions with distribution requirements planning (DRP) , master production scheduling (MPS), and manufacturing requirements planning (MRP) had automated these tasks for many companies. The newest generation, which incorporates advanced planning and scheduling (APS), goes beyond those discrete tasks by fine tuning the entire supply flow for a company’s unique needs.