Without information, it would be hard for managers to forecast customers’ needs and wants, how much inventory is in stock and when and where more products should be produce or ship; in summation, without information managers can only make decision blindly, therefore information is vital when it comes to the performance of supply chain, because it provide the supply chain management with the necessary data to go about making the right decision so as to satisfy customers’ needs and generating profit. Information technology, however, is the instrument which “consist of the tools used to gain awareness of information, analyze this information, and execute on it to increase the performance of the supply chain”, (Chopra & Meindl, 2001, p.489). Information technology serve as the eyes and hear of supply chain, sometime a percentage of the brain in the supply chain management. It’s also consist of hardware, software, and people throughout a supply chain that gather, analyze, and execute upon information. The IT system help bill and improve performance with the use of information that is analyzed consequently has significant impact on the supply chain performance.
Information technology has extensively helped to balance the organizations production on track, repairing mistake and making reforms that provides a top quality product. Every link in the supply chain management has been supervised accurately through the information
It provides the critical links between supply chain partners, permitting goods to flow between their facilities. Transportation service availability is critical to demand fulfillment in the supply chain. The efficiency of transportation promotes the competitiveness of a supply chain. One of the most effective measures for reducing costs and exposing supply chain inefficiencies is the use of Transportation Management Systems
On the one hand, each individual has different needs depending on the type of research they do. And on the other hand, as people do research they develop new ideas leading to a constant change in “need,” which is more properly defined as a “want.” Finally, information systems can be tailored to come close to meeting information needs, but at the end of the "day the fulfillment of an individual 's needs depends on his or her final
The supply can depend on how profitable a product is and the availability of raw materials and labour. Businesses usually supply more at higher prices and supply less at lower prices. Demand is how much a product or service is wanted and what price the customers are prepared to pay for it. Demand falls as prices rice and it rises when prices fall. There are several factors that influence the demand for goods or services.
Similarly coordinating materials flow without information sharing is also not capable enough to handle uncertainties in supply chain. Hence a central flow of material with proper coordination and sharing of information is necessary to manage the uncertainties pertaining to supply
Income is the major factor that influence purchasing decision. Higher income have higher cash flows variability in insurance company. Customer not easier to satisfied the service because different customer have different demands. While in telecommunication sector, higher income lead to lower cash flow variability. Customers was used to current telecommunication network, demand does not change even income have increase.
“It is the social function which adds value to information and which gives those who possess it advantage over those who do not. Thus, information should be regarded first and foremost as a resource. As in the case of other resources, there is a tendency for other exploitative groups to hoard information and to use it to further their interests. Information nowadays is associated with influence and power. It is now treated as a dominant commodity under the control and manipulation of the
Information technology is simple the processing of data via computer uses of technologies from computing, electronics, and telecommunications to process and distribute information in digital and other forms. However, in recent decades, technology has assumed greater importance in the services sector facilitating growth by offering service firms important competitive leverage (Metcalfe and Miles, 2000). Technological innovation in services is often based on the adoption of information and communication technology (ICT) and is strongly associated with higher levels of productivity in firms (Cainelli et al., 2004). Therefore, innovation enable by information technology (IT), are creating new ways for firms to manage their operation. The use of IT has received significant attention in the supply chain context.
The relevant information is any information that can improve knowledge, reduce uncertainty and can be used for such purposes in the future. The amount of information held by an organization will also determine the quality of decision making of the organization which in turn will affect the educational product that will be produced. Therefore, an administrator must be concerned with facilitating the free flow of information from all directions either from the bottom up, from the top down and to the side of an organization. To facilitate the free flow of information, the management organization needed a system to help them produce accurate