The Impact of Computer Networks on Supply Chain Management
In today’s fast-paced business world, supply chain management, or SCM, plays a crucial role in determining the success of a company. An effective SCM system ensures that goods and services are delivered to the customer in a timely and efficient manner. With the advancements in technology, computer networks have become an integral part of SCM, transforming the way businesses manage their supply chains. In this article, we will take a closer look at the impact of computer networks on SCM.
Improved Communication and Collaboration
One of the most significant impacts of computer networks on SCM is the ability to improve communication and collaboration between suppliers, distributors, manufacturers, and customers. Computer networks allow real-time communication and data sharing, ensuring that every stakeholder in the supply chain is connected and has access to up-to-date information. This leads to better coordination and collaboration, resulting in a more efficient supply chain.