supply chain system

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Related to Supply chain: Value chain

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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Winners were recognized in several categories including Supply Chain Innovation, Supply Chain Breadth and Depth and Supply Chain Return on Investment.
We believe that we have just begun to scratch the surface with what these new-generation solutions can do to help us grow our competitive advantage and pursue supply chain excellence," said ON Director of Supply Chain Strategy and Solution John Mallon.
He also served as a managing partner in Accenture's Americas supply chain practice.
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Like the supply and demand chains, the service supply chain has also undergone a transformation.
Over six months, logistics and supply chain professionals were asked to complete a survey nominating top-performing vendors and service providers based on 10 common qualities: value / cost savings, reliability, exceptional performance, expertise and knowledge base, problem-solving abilities, continuous improvement, support, positive culture, global capabilities and comprehensive service.
Chainalytics' specialization in supply chain analytics makes us the best suited for solving complex network, inventory, and transportation problems in any part of the world," said Wallet, managing director of Chainalytics Asia-Pacific.
The subsequent white paper & synthesis report, created by MIT-CTL's newsletter, Supply Chain Strategy, examines the universal lessons imparted by Crossroads 2006.
Efforts to synchronize the supply chain are also spurring growth.
Failure at one node in the supply chain, whether it's a supplier in China or the corner grocery store, can leave a company highly exposed.
Momentum attendees will benefit from thought-provoking best practice sessions and networking opportunities--all designed to educate and fuel discussion in supply chain management and how it pertains to customers' industries.

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