E-Commerce Supply Chain Management Paper, Wk. 3
E-Commerce Supply Chain Management Paper, Wk. 3
This paper will discuss how e-commerce impacts modern supply chains. It will explore and discuss elements of integration, collaboration, synchronization and key B2B entities described in the 2004 article, "The Strategic Importance of E-Commerce in Modern Supply Chains", by Gibson and Edwards, from UOP EResource.
As described in the article by Gibson and Edwards, supply chain encompasses all activities associated with the flow of materials, information and services from raw materials through the product or service processing facilities and warehousing, and then to the end user. This process includes the sourcing and procuring of raw materials for assembly and production, to inventory management, order fulfillment, distribution, transportation, and finally delivery (Gibson, Edwards, 2004). Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption (Wikipedia, 2006).
E-commerce is essential in respect to supply chains. Strategic opportunities for internet-based technology in establishing partnering relationships and collective decision making amongst supply chain personnel is extremely important. Internet-based technology can provide mutual strategic benefits to all with enhanced customer service, reduced work in progress, faster response times and enhanced customization (Gibson, Edwards, 2004). According to this article, there can be little doubt that the most significant enabler of improved supply chain management efficiency is business-to-business (B2B) e-commerce. Of course, this is dependent on the use of the internet to integrate and synch ...