When we talk about information access for the supply chain, retailers have an essential designation. They emerge to the position of prominence with the help of technologies. The advancement of inter organizational information system for the supply chain has three distinct benefits. These are :
● Cost reduction − The advancement of technology has further led to ready availability of all the products with different offers and discounts. This leads to reduction of costs of products.
● Productivity − The growth of information technology has improved productivity because of inventions of new tools and software. That makes productivity much easier and less time-consuming.
● Improvement and product/market strategies − Recent years have seen a huge growth in not only the technologies but the market itself. New strategies are made to allure customers and new ideas are being experimented for improving the product.
It would be appropriate to say that information technology is a vital organ of supply chain management. With the advancement of technologies, new products are being introduced within fraction of seconds increasing their demand in the market.
Companies manage their inventory on a daily basis as they place new orders for products and ship out to customers. It’s important that business leaders gain a firm grasp of everything involved in the inventory control process.
From order management to dispatching to fulfillment and shipping. Our systems are seamlessly integrated and designed to better manage your supply chain, increase your visibility, your accuracy and the efficiency of your entire warehouse.
Our 3PL Warehouse Management System ensures that our warehouse management solutions can handle complex, high volume operations as well as multiple customers serviced by third party logistics providers.
Electronic commerce helps enterprises automate transferring of records, documents and information electronically between suppliers and customers, thus making the communication process a lot easier, cheaper and less time-consuming.
Electronic Data Interchange (EDI) involves the swapping of business documents in a standard format from computer-to-computer. It presents the capability as well as the practice of exchanging information between two companies electronically rather than the traditional form of mail, courier, & fax.
We can see the application of barcode scanners in the checkout counters of super market. This code states the name of product along with its manufacturer. Some other practical applications of barcode scanners are tracking the moving items like elements in PC assembly operations and automobiles in assembly plants.
Many companies maintain multiple databases. Instead of some particular business processes, it is established around informational subjects. The data present in data warehouses is time dependent and easily accessible. Historical data may also be accumulated in data warehouse.
The ERP system has now become the base of many IT infrastructures. Some of the ERP tools are Baan, SAP, PeopleSoft. ERP system has now become the processing tool of many companies. They grab the data and minimize the manual activities and tasks related to processing financial, inventory and customer order information.