This gives the business massive flexibility over how it consumes its business data and enables data storing for reference and consumption years into the future. There are functions, activities, transactions, and people interconnected in an integral value chain through which products or services — whether physical or virtual — constantly flow back and forth from supplier and manufacturer to distributor and, finally, to consumers. Some of the prominent ones are – Supply Chain Integration Benefit 4 – Flexibility and Agility – An integrated platform harnesses the power of a cloud; hence the changing business requirements can be made easily without investing in any hardware or software. End-to-end (E2E) visibility is critical in overseeing these networks and ensuring the right products are being produced at the right time at the right facility given various rules or restrictions. When it comes to digital transformation, enterprises implementing integrated supply chains will have an undisputed advantage over the contemporaries. The importance of supply chain management is that it helps in minimizing operating costs. ... One of the companies in the U.S. Now the maintenance of events, creation of logs and notification alerts are visible to all the stakeholders. But with a fully-integrated supply chain where players can communicate data or product information in. The right resources. Managing data this way also enables organizations to persist all data exchanges and utilization, thus helping ensure accuracy and security. For instance, sugar is one of the most common commodities transported to every nook and corner of our country. Support your response with evidence from the readings or other resources. the supply chain remains relevant in the ever-changing business requirements and trends in the market. Some professionals have the responsibility of designing and operating the supply chain systems in a society. This will prove a blessing and automatically boost the profits in a firm. It’s no secret that one of the most important bottom lines in today’s automotive supply stream is the ability to adapt to changing parameters of production, fluctuations in inventory or material levels, and bottlenecks or disruptions. When the job opportunities increase, it results in better chances for job applicants and ultimately supports a country in its growth and development process. The Master in Operations Management and Supply Chain Management degree courses at GBSB Global Business School aim for a high level of integration between management techniques and the technologies that they control, with emphasis on the strategic decision-making and international supply chain management across borders. Accuracy of data and information is perhaps at the core of creating a nimble, responsive production network. • Moving from reactive to proactive supply chains Opinions expressed by DZone contributors are their own. This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here! Supply Chain Integration Benefit 3 - Effective Collaboration –It has been observed that the product delays are generally a by-product of mismatch in information and discoordination between the delivery, warehousing, transportation, and trading partners. Every company in the world market is looking to create a system where the services are at the highest level, reducing costs to some degree to facilitate improved financial position. We cover subjects spanning from end-to-end supply chain to the latest disruptive innovations in the industry. Supply Chain Integration Benefit 1 – Enhanced Transparency and Visibility – An integrated supply chain centralizes the complete operation of the supply through a single cohesive dashboard. This improves the efficiency of the supply chain and helps in attaining supply chain sustainability. The success and growth of every business unit are linked directly or indirectly to its supply chain management. It is the fact that it is the supply chain has been responsible for meeting the needs of the consumer by coordinating all the activities related to it from manufacturing to product development to offer the best value to the customers. Also, for today’s discerning consumers and trading partners who are aligned to know the environmental impact of the supply chain operations, enterprises can share certain information with confidence and assure them of compliance, safety and high-quality. The Master in Operations Management and Supply Chain Management degree courses at GBSB Global Business School aim for a high level of integration between management techniques and the technologies that they control, with emphasis on the strategic decision-making and international supply chain management across borders. This leads to data centralization and brings people, processes, and technology together to maximize the performance of supply chains. It enables business orchestrations between various functions of a supply chain and automates the workflow. Establishing an integrated operation is a pre-requisite for successful strategic planning. Supply chain management is an important part of an organization and has an important role to play in the success and growth of the business. Also, an aligned approach to supply chain planning and supply chain execution helps supply chains to increase speed and eliminate process complexities. Full supply chain integration means much more than simply managing the movement of materials and resources and addressing logistical issues thereof. In a n integrated supply chain, it is important to link together as many areas as possible to enable strong collaboration with the end goal of redu c ing costs, waste, production time and response time. This directly leads to better planning and forecasting along with improved relations both with the vendors and distributors. Information sharing across stakeholders must be implemented to enable collaboration and visibility. The connected systems lead to better planning and collaboration with the vendors. DXchange Integration Cloud is a Cloud Native Hybrid Integration Platform providing business It also assists in supporting medical missions inside a country and even to other countries in case of emergencies. Supply chain management is the available network of business entities, and the people involved in that work to create finished goods out of raw materials making sure it reaches the end-user that is the customer. The importance of supply chain management is that it has helped in the creation of numerous jobs in the supply chain field. Leveraging Big Data technologies that are based on an on-demand, scalable architecture helps supply chains manage data and support data modeling at the time of consumption – whenever and wherever the business needs it. The place of manufacturing and the last point of delivery are at a distance in some cases as the goods are sent to various corners of the country and sometimes in other parts of the world. As per Gartner, the It is a fact that retailers are dependent on the supply chain management to deliver the expensive as well as other products quickly to lower inventory costs. It is the supply chain that is responsible for making sure that quality products are available in the consumer market at a reasonable price so that most of us can afford it. Similarly, the customer expects delivery in the right place on time. In the Internet of Things (IoT) era, supply chain management is no longer limited to electronic data interchange (EDI) and business-to-business integration solutions. Marketing Blog. • Longer product life cycles. transportation, manufacturing hubs, production levels, warehouses, distributors, etc. This empowers stakeholders to be more effective and enable the business to plan more conducive. Supply chain integration is a close alignment and coordination within a supply chain, often with the use of shared management information systems. Ultimately the companies will need to build or buy them in fewer numbers, and it will decrease fixed asset costs. As all the stakeholder data is centralized, an enterprise can ensure that supply chain operations are compliant at all the steps and thus maintain the desired quality levels. Supply Chain Integration Benefit 3 - Effective Collaboration –It has been observed that the product delays are generally a by-product of mismatch in information and discoordination between the delivery, warehousing, transportation, and trading partners. Supply chain management is about the storing and movement of materials needed to create a product, inventory management as well as tracking the finished goods from the place of their manufacturing to the end-user. supply chain management (SCM) market will exceed $13 billion in total software revenue by the end of 2017 to exceed $19 billion