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_IT APPLICATIONS IN SUPPLY CHAIN MANAGEMENT.pdf
1. IN SUPPLY CHAIN MANAGEMENT
IN SUPPLY CHAIN MANAGEMENT
IT APPLICATIONS
IT APPLICATIONS
Tanmay Lalwani BMS/21/61
Garv Mittal BMS/21/63
2. What is Supply Chain
The inter-relationships:
with suppliers, customers, distributors, and other
businesses
required to design, build and sell a product
Each supply chain process should add value to
products or services a company produces
3. Get the right products
To the right place
At the right time
At the right quantity
At the acceptable cost
ROLE OF SUPPLY CHAIN
Fundamentally, Supply Chain of a company helps the company:
4. TRANSPORTATION WAREHOUSING
INVENTORY
MANAGEMENT
It involves the physical movement of
goods from one location to another.
It includes selecting the appropriate
transportation mode (e.g., truck, rail,
air, ocean) based on factors like
cost, speed, reliability, and
environmental impact.
It encompasses the storage
and handling of goods within a
facility. It includes receiving,
storing, picking, packing, and
shipping goods efficiently.
It involves overseeing the flow of
goods in and out of a company's
inventory. It includes determining
optimal inventory levels to meet
customer demand while minimizing
carrying costs, stockouts, and
obsolescence.
3 FUNCTIONS OF SUPPLY CHAIN
5. Data Management and Analysis
Inventory Management
Supply Chain Planning and Optimization
Communication and Collaboration
Customer Relationship Management
ROLE OF IT IN SUPPLY CHAIN
Information Technology (IT) plays a crucial role in modern supply chains, enabling
organizations to streamline operations, enhance efficiency, and improve decision-
making processes.
6. EDI
01
It is a standardized method for exchanging business
documents and data between companies electronically,
streamlining communication between suppliers, manufacturers,
distributors, and retailers
02
EDI automates processes like ordering, shipping, and invoicing,
leading to improved communication, reduced errors, increased
efficiency, and real-time transaction processing
03
It also facilitates speed, cost savings, improved inventory
management, and enhanced customer experience by providing
accurate information and transparency in transactions
8. RFID
01
It is widely utilized in various industries, including transportation,
to enhance operational efficiency, improve safety, and
streamline processes
02
It is employed for applications such as toll collection, automatic
vehicle identification, vehicle management, supply chain
management, asset tracking, and public transportation payment
systems
03
They are placed to automatically identify and track items or
vehicles, enabling efficient management and monitoring of
movements and conditions.
10. ERP
01
It is a system that integrates various business functions and processes
into a unified platform, including inventory, finance, planning, logistics,
and operations.
02
It systems provide real-time data and insights, enabling businesses to
streamline operations, improve decision-making, and enhance
efficiency across different departments.
03
It plays a crucial role in optimizing the flow of goods, information, and
finances from the initial procurement of raw materials to the final
delivery of products to customers.
12. OTHER COMMON TECHNOLOGIES
AND SOFTWARES
TRANSPORTATION WAREHOUSING
INVENTORY
MANAGEMENT
Warehouse Management
Systems
Warehouse Automation
Technologies
Warehouse Control System
Transportation Management
Softwares
Telematics
Fleet Management Software
Demand forecasting software
Inventory optimization software
Warehouse slotting software
13. OTHER COMMON TECHNOLOGIES
AND SOFTWARES
Barcode Technology
AI and Machine Learning
Cloud Computing
Blockchain Technology
14. ADVANTAGES OF IT
APPLICATIONS IN SUPPLY CHAIN
Improved Efficiency
Cost Reduction
Faster Response to Market Changes
Better Decision-Making
15. PROBLEM STATEMENT
Walmart, a leading retailer, faced challenges in optimizing its supply chain management processes across transportation, inventory management, and
warehousing. Manual processes led to inefficiencies, errors, and increased costs. There was a lack of real-time visibility into inventory movement, hindering
decision-making and impacting customer satisfaction. These issues called for a robust solution to streamline operations and enhance supply chain
integration.
The integration of ERP, EDI, and RFID technologies yielded substantial improvements in Walmart's supply chain management:
Streamlined Workflows
Enhanced Data Accuracy
Improved Decision-making
Increased Efficiency
Profitability
OUTCOME
Case Study: Walmart's IT Applications
ERP systems integrated Walmart's core business functions, enhancing data accuracy and enabling informed decision-making, while RFID technology
provided real-time insights into inventory movements, reducing errors and losses.
EDI integration automated document exchange, improving data accuracy and facilitating seamless communication between trading partners, leading to
significant supply chain efficiency gains and reduced errors.
RFID technology enabled real-time tracking of goods, optimizing inventory management and ensuring timely deliveries, ultimately enhancing customer
satisfaction and overall supply chain efficiency.
SOLUTIONS