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supply chain system

   Also found in: Wikipedia 0.03 sec.

supply chain system

A computer system (essentially the software) that is used to reduce inventory and lower costs of assembly and distribution in the supply chain. Traditional supply chain systems supported only two organizations; for example, between the wholesaler and the retailer. Today, more sophisticated systems integrate three or more organizations, so that for example, a retailer can signal a reorder to its wholesaler and to its wholesaler's supplier at the same time.

In the business world, supply chain management and supply chain systems became the buzzwords of the late 1990s. A whole raft of software came to market, offering enhanced analysis and scheduling algorithms that refined the process. See supply chain management.



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Vizional will work closely with the leading global semiconductor company to develop and deploy a multi-enterprise supply chain system that will synchronize material flows of individual components throughout the extended supply network to reduce uncertainty, strengthen customer satisfaction and maximize revenue.
Look for it to be rolling out a secure web-based supply chain system that is robust enough to deal with engineering data and which performs automatic functions [e.
Procter & Gamble, for example, developed a three-step supply chain system built around a continuous replenishment program.
 
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