Q1) How do supply chain management systems coordinate planning, production, and logistics with suppliers?

 Q2). Define a supply chain and identify each of its components.

Q3). Explain how supply chain management systems help reduce the bullwhip effect and how they provide value for a business.

Q4). Describe the challenges of global supply chains and how Internet technology can help companies manage them better

 

Supply chain management (SCM) is the process that is used by a company to ensure there is effective in its performance and less expensive. It consists of five stages that are planning, development, manufacturing, logistics, and return.

Step-by-step explanation

How do supply chain management systems coordinate planning, production, and logistics with suppliers?

Supply chain management production ensures that their continuous flow of goods and services from the suppliers. The management of supply chin encourages and motivates the producers. Supply chains help ensure suppliers can deliver their services and goods to the other chin parts with fewer expenses. The production parts make sure they produce unity services. Logistics is planning, implementing, and controlling the efficient flow and storage of goods, services, and information from the suppliers to the consumers. 

Define a supply chain and identify each of its components.

Supply chain management (SCM) is the process that is used by a company to ensure there is effective in its performance and less expensive. It consists of five stages that are planning, development, manufacturing, logistics, and return.

Components: There are four components which re

1. Integration 
2. Operations 
3. Purchasing 
4. Distribution.

Q3). Explain how supply chain management systems help reduce the bullwhip effect and provide value for a business.

The bullwhip effect is the demand distortion that affects the supply of shin retail from consumers' production. This results due to variance  

of orders for sales. It can be reduced in the following ways:

Sharing knowledge with suppliers and customers:

1. by knowing what causes this bull effect, and they can have solved. Reduced through shared understanding with suppliers and customers
2. Misnaming lead times
3. Use of improving forecasting methods
4. Minimizing price fluctuations
5. Evolution of planning and performance measurement

Q4). Describe the challenges of global supply chains and how Internet technology can help companies manage them better.

Challenges.

1. Disruptions; Dusters like the tsunami in Japan affect supply chin glibly.
2. Peak management: these dyes create massive peeks in the supply chain. This has led to difficulty in managing.
3. Import and export have been confusing. This is because it is made up of different nations, procedures, documents, and legislation globally. Many shipped the products have been challenged to reach the right destination due to poor navigations.

The technology has improved in this sector, which has helped in the following ways:

1. Improvements in Sea fright Management.
2. Sharing of the shipping documents and verifying has enhanced security.
3. Improvement of visual insight and live updates to air and sea has made shipping easier.