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Four key enterprise applications for organization-wide process integration?
1. Enterprise System2. Supply Chain Management System3. Customer Relationship Management System4. Knowledge Management Systems
Diffenrences between supply management and supply chain management?
Supply management are the methods of modern corporate or institutional buying. Supply chain management is the management of the flow of goods, including raw materials, inventory and finished goods.
Is logistic a part of supply chain management or supply chain is the part of logistic?
logistics is a part of supply Chain Management
Which of the following bullets is not true about the origins of purchasing and supply management?
For supply management to have a strategic focus, supply professionals must have an understanding.
What was the traditional way of running an organisation before supply chain management?
supply chain management is helps easy to manage the goods supply and services
What is a horizontal integration?
Horizontal integration is the merging or takeover of a company that is in the same market and at the same stage of the supply chain.
Differences and similarities between horizontal and vertical integration?
horizontal integration is partnering with other firms in the same or similar industries. vertical integration is partnering with companies that provide some service in the supply chain, ex. suppliers or vendors, of your industry.
Is vertical integration recommended to secure supply chain management?
"Yes , vertical integration is recommended to secure supply cahin management. It keeps the product flowing smoothly , therefore the business can meet its demand from the customers."
What is vertical and horizontal integration.?
Horizontal Integration : When a company decides to expand horizontally i.e within its current line of business then it is called horizontal integration. For eg. pepsi when it got into snacks it can be called a horizontal integration.Vertical integration: When a firm covers all activity of supply chain then it can be called as vertically integrated. Eg. if a paper manufacturing industry goes into plantation of woods and other activities involved with production raw material (wood) it can be called a vertical integration.
What is vertical and horizontal integration?
Horizontal Integration : When a company decides to expand horizontally i.e within its current line of business then it is called horizontal integration. For eg. pepsi when it got into snacks it can be called a horizontal integration.Vertical integration: When a firm covers all activity of supply chain then it can be called as vertically integrated. Eg. if a paper manufacturing industry goes into plantation of woods and other activities involved with production raw material (wood) it can be called a vertical integration.
What is horizontal and vertical integration?
Horizontal integration is when a company expands its business by acquiring or merging with a competitor that operates in the same industry. Vertical integration, on the other hand, involves a company expanding its business by acquiring or merging with a company in a different stage of the supply chain (either upstream or downstream).
What are some advantages and disadvantages of horizontal integration?
Horizontal integration is when a business such as a bakery buys another bakery to increase their capacity (the number of loaves of bread they can supply to customers) Advantages of horizontal integration Quick way for a business to expand without having to start a new factory from scratch Can lead to economies of scale Disadvantage of horizontal integration The business can get too big too quickly causing problems with management of resources This can lead to problems with communication and co-ordination as the newly bough business tries to fall in line with the existing company May have too many staff - may have doubles of staff e.g. sales managers so may lead to redundancy May have sold machinery that needs replacing Staff may not adapt well to the change of management
How does supply chain and logistics management relate to marketing strategy?
Yeah, so supply chain and logistics management simply relate marketing strategy. It's always been that way and always will in all likelihood remain be that way, too
Where can someone find information about supply chain integration?
One can find information about supply chain integration in industry publications, academic research papers, conferences, and business websites. Additionally, online platforms like LinkedIn and professional organizations related to supply chain management often share articles and resources on this topic. Consulting firms and supply chain management software providers also offer insights and best practices on supply chain integration.
How purchasing relate with supply management?
Purchasing is a subset of supply management that involves the transactional aspect of acquiring goods and services. Supply management, on the other hand, encompasses a broader perspective that includes sourcing, supplier relationship management, inventory control, and overall strategic management of the supply chain. Effective supply management ensures that purchasing activities align with broader organizational goals and objectives.
Four key enterprise applications for organization-wide process integration?
1. Enterprise System2. Supply Chain Management System3. Customer Relationship Management System4. Knowledge Management Systems
Different between horizontal and vertical integration?
Horizontal integration refers to a company acquiring or merging with similar businesses in the same industry to expand its market presence, increase market share, and gain economies of scale. Vertical integration involves a company expanding its operations by acquiring or merging with business entities at different stages of the supply chain, such as suppliers or distributors, to control more aspects of the production process and reduce costs.
