Effect of E-business and on firm’s Supply Chain
Introduction
E-business is computing and communication through internet which has enabled a business to execute front end backend processes of a business. In today’s scenario it has become a key enabler to drive the supply chain integration. Business can use internet to
• Gain global visibility across their extended network of trading partners
• Help them respond quickly to a range of variables from customer demand to shortages of resources.
By adopting e-business methods in the supply chain pattern we can achieve goals of reduced cost increased flexibility, faster response times more efficiently and effectively.
In the past decade, electronic business has increased demand and attention from
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According to them e-business was a disruptive technology which transformed business processes through the use of internet. They also cited internet as very safe and flexible according to the needs and requirements of organization with the help of which the company can manage their core business processes easily. They also explained how an efficient a business practice can be made by proper collaboration between stakeholders, suppliers, buyers and associated partners.
2. Background and objective of study Before we go ahead with the relationship analysis of supply chain management and e-business; let us define both the terms separately.
Supply chain management is defined as more than more organizations directly involved in the flow of products,services,finances, and information from the source to the the end customer.
It has the end to end view as it contains all the elements from acquiring raw materials from a particular product or service to final consumption of the product or delivery. I also includes recycling of the finished product initiated by the end user.
Supply chain management comprises of all the methods, systems and leaderships that continuously improves an organization’s integrated process for product and service
• Design
• Purchasing
• Inventory management
• Planning and scheduling
• Logistics
•
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3. Influence of e-business on supply chain management of a business
The key issues within the supply chain that are related to the impacts of e-business on supply chain management.
These are some typical points when we talk about dependency between e-business and supply chain management:
• Some of the activities in e-business are dependent on more than one supply chain activities but some are silos and are handled separately.
• The changes made by e-commerce in the business of supply chain could be huge or a very small measure. This helps in forming a competitive advantage.
• The benefits of the e-business is very huge in number but also depends on the environmental and organizational behavior.
The benefits of e-business on supply chain management is so wide .It’s divided into several categories:
a) Transactional benefits
Transactional benefits are
• Communications efficiency: This refers to cost savings in
As sales are such a huge part of a business, marketing are in-charge of getting the custom by satisfying customer needs. Having your business online can drastically help the business by reaching out to many more people. Having a business online can greatly improve sales as more and more people order online and don’t want to make a trip out to the store. It also helps the company become more recognised at it can be seen by everyone on the internet. This will help the company progress and grow
For example, business like Asda use e-commerce which allows customers to shop online. The advantage of using e-commerce is that you are allowed to create your own website and sell products online. Upgrading IT development It is important that you are aware of your customers because you should always keep your customers happy.
The most important features linked to a ecommerce solution, is the websites appearance and security setting since many customers are looking to search for consumer products and many will pay for the products and services directly online. This means entering credit card information and bank details which require the ecommerce solution to protect intensely. Ecommerce websites are also under constant
Publix is known as a retail or merchandising industry. Publix is known as one of the most productive food merchant in America. Admirably well tell, Publix is the most beneficial basic supply chain in the country: Its net edges, 5.6% in 2012, beat out Wal-Mart, Kroger, and Whole Foods. Publix has become the seventh-biggest privately owned business in the U.S. with over $28 billion in sales.
Mentzer, William Dewitt, James S. Keebler, Soonhong D. Smith and Zach G. Zachariah (2001) posited that Supply Chain Management is the network of organizations that are involved through upstream and downstream linkages, in the different processes and activities that produce value in the form of products and services delivered to the ultimate consumer. Though Hardware Enterprise is not a group of different organizations, they are located in different locations across the island and also on different islands in the Caribbean; therefore, it is safe to imply that the functionalities would those similar to multiple organizations attempting to supply good and services to their consumers. The Supply chain management systems (SCMS), would facilitate and integrated approach across all locations, and the flow of goods and services to its suppliers and consumers. SCMS would assist Hardware Enterprise in the assembling of orders in a cohesive manner. The request would be uploaded/inputed into the system indication all specifications, for example, the timeline for delivery, delivery locations, and customer specification.
Brand described as a network of facilities and distribution options. The researchers argue the supply chain include different functional areas such as inbound and outbound transportation vegetables, chicken and meat, warehousing, inventory control, suppliers foods, supply management forecasting, production planning, order processing and customer services (Dwivedi, Dwivedi and Tewari, 2014). Supply chain management consists of managing the production network from raw material supplier to final customer. Regardless of any doubt, any industry faces a range of challenges in the supply
Abstract - Supply chain management has played a significant role in global market. The role of logistics in supply chain management is to provide plenty of significant improvements in industrial development. However, Third-party logistics activities such as transportation, warehousing, material handling and other value-added enable companies to get customized logistical support while manufacturers focus on the core organizational activities to achieve excellence. Third party logistics assists to supply right product in right time with right quantity to right consumers. The objective of this study is to statement the role of third party logistics in supply chain management and to understand the relationship between supply chain management and
According to Chow and Heaver (1999), a supply chain is “a group of manufacturers, suppliers, distributors, retailers and transportation, information and other logistics management service providers that are engaged in providing goods to consumers. A Supply Chain comprises both the external and internal associates for the corporate”. From the above definition, it can be seen that supply chain is about various players which are found both inside and outside a firm who come together to ensure satisfaction of
The sources of this literature review are EBSCO discovery service, Emerald insight, sample dissertation on the topic, google websites. There are various definition to describe a Business
The best companies in the world are discovering a powerful new source of competitive advantage. It's called supply chain management and includes all onboard activities that bring products to market and satisfied customers. The Supply Chain Management program covers topics from manufacturing operations, transportation, purchasing and physical distribution for a single program. Coordinated the successful management of the supply chain and all these activities integrated in a continuous process.
4.Describe the major trends and forces that are changing the automobile marketing landscape and how Tesla is taking advantage and/or trendsetting in the automobile industry. Safety Becomes More Important: Safety plays a major role in the automobile industry with vehicle manufacturers constantly making improvements to avoid and lessen damage from collision. Automobile industry is also trying to improve braking systems, stability and lighting. They are also concentrating on environmental safety.
Executive summary This report depicts the various stages of IKEA’s supply chain flow, providing an elaboration of processes that take place at each stage. It also shows the dependency of the stages and how information flows through the supply chain. After illustrating the supply chain flow process of IKEA, the report then moves on to analyze the company’s global supply chain strategies.
Causes According to Amin & Noor (2013), the E-consumers generally refer to the purchaser of goods and services over electronic systems such as Internet and other computer networks. This new group of consumers is increasing in number over the years as on-line shopping become a trend and manifestation of modern life style. Based from the Paynter & Lim (2001), E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.
All companies can gain essential types of benefits from e-business. First, value enhancement for one or more of a company stakeholder groups. Second, lower cost of providing goods and services to the marketplace. Creative e-business innovation can lead organization to improve value chain interaction and possibly even to reconfigure the value chain. In addition, e-business can be used to extend existing product and service lines to new customer, for example, people who have never physically visited a company but the read about though Web searches.
One of the challenges of e-business is that there are customers that prefer cash on delivery payment method because of limited online payment accesss for credit cards in certain countries. This payment method is a problem for global e-business, as it would delay the transactions of goods and payments. However, it is not a problem for Foodpanda because the food orders delivery is made within the country and hence cash on delivery is accepted. Apart from that, returning policy is also a challenge for e-business as it is more expensive with the addition of shipping and packaging cost. Foodpanda however, does not have a returning policy because the service that Foodpanda provide is a food delivery service, not goods.