Question

Explain what supply chain management is and how business are using advanced internet technologies to improve supply chain management.

Explain how companies use social networking tools in online business activities.

Explain how ethical issue arise for companies conducting electronic commerce.

Explain how commonly used internet and web utility programs work.

Answer 1

Supply chain management (SCM) is the wide scope of exercises required to plan, control and execute an item's stream from materials to creation to dispersion in the most prudent manner conceivable.

Supply chain management exercises can improve client care. Done adequately, they can guarantee consumer loyalty by making certain the vital items are accessible at the right area at the opportune time. By expanding consumer loyalty levels, endeavors can manufacture and improve client faithfulness.

SCM likewise gives a significant preferred position to organizations by diminishing working expenses. SCM exercises can diminish the expense of buying, creation and the all out supply chain. Bringing down expenses improves an organization's money related situation by expanding benefit and income. Moreover, following supply chain management best practices can limit abuse of enormous fixed resources -, for example, distribution centers and vehicles - by permitting supply chain specialists to overhaul their system, for instance, to keep up client assistance levels while working five stockrooms rather than eight, diminishing the expense of claiming three additional offices.

Maybe lesser known and overlooked is SCM's basic job in the public arena. SCM can help guarantee human endurance by improving social insurance, shielding individuals from atmosphere boundaries and supporting life. Individuals depend on supply chains to convey necessities like food and water just as prescriptions and medicinal services. The supply chain is additionally indispensable to the conveyance of power to homes and organizations, giving the vitality expected to light, heat, cooling and refrigeration.

SCM can likewise improve personal satisfaction by encouraging occupation creation, giving an establishment to monetary development and improving ways of life. It gives a large number of openings for work, since supply chain experts structure and control the entirety of the supply chains in a general public just as oversee stock control, warehousing, bundling and coordinations. Besides, a typical element of most helpless countries is their absence of created supply chains. Social orders with solid, created supply chain foundations -, for example, huge railroad systems, interstate roadway frameworks and a variety of air terminals and seaports - can productively trade merchandise at lower costs, permitting shoppers to purchase more items, accordingly giving financial development and expanding the way of life.