Frequently Asked Questions
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A. | Supply chain management encompasses several different areas, any or all of which might apply to the business of producing or exporting goods or products. Some of the different areas may include Demand Planning, Inventory Management, Replenishment Planning and Logistics Management |
A. | Supply chains are normaly aimed at products that require several components to build, depending on your service you will either have only one source or multiple sources of input. If you have multiple sources then a Supply chain may be of use to you. |
A. | Supply chains are implemented to keep track of the production of products / goods from several suppliers to your company and then from your company to the buyer. A value chain is similar but focuses more on the value of each step of the supply chain where the suplpy chain concentrates on performance. |
A. | In the past when competition was not an issue, manufacturers were able to determine the logistics of the process. In recent years, with the increase of new businesses, the influencing market has shifted from suppliers to customers meaning customers influence the way in which the supply chain is operated. Manufacturers need to fill the demand for options, styles, features, order fulfillment, and fast delivery. |
A. | Improving a process as complex as the supply-chain can be daunting, as companies are challenged with finding ways to meet ever-rising customer expectations at the lowest cost possible. To do so, businesses must identify which parts of their supply-chain process are not competitive and which sections are not performing to requirements. The XACTIO Supply Chain Portal allows monitoring of suppliers and administrators to ensure everyone is performing efficiently. |
