ASSESSMENT, BENCHMARKING, AND QUALITY CONTROL TECHNOLOGY Assignment Overview

Essay Instructions:

Assignment Overview Leveraging Technology for Assessment, Benchmarking, and Quality Control In the digital age, moving products along the supply chain through multiple members is made easier with the right tools to coordinate the effort and provide real-time data. There are even new devices available to fight counterfeiting and theft at every stage. Whether determining the proper inventory in distribution centers or lead time needed for ordering to maintain minimum levels without running out of stock, customer satisfaction and cost savings are desired outcomes. Supply chain management software can measure expected travel time at each destination based on weather and other factors; movement within warehouse, distribution centers, or fulfillment centers; and progress to the final consumer in last mile delivery. The interconnected nature of players within the chain depends on software and technology that are compatible. Some member groups are implementing standards that allow cross-carrier tracking. Benchmarking can be established at the macro and micro level down to an individual employee’s productivity. Case Assignment Research the pros and cons of transportation management system (TMS), warehouse management system (WMS), enterprise resource planning (ERP), and supply chain management software LINK -https://www(dot)mmh(dot)com/article/2019_top_20_supply_chain_software_suppliers/software from the perspective of cost, supply chain integration, and competitive advantage. This portion of the paper will be 1½ pages in length. Research the financial aspects of a digital supply chain. Include a discussion on how it is leveraged for assessment, benchmarking, and quality control. This portion of the paper will be 1½ pages in length. Resources should be no more than three years old for this case because the industry is changing rapidly, and the goal is to remain relevant throughout your career. Since you are engaging in research, be sure to cite and reference the sources in APA format. The paper should be written in the third person; this means words like “I,” “we,” and “you” are not appropriate. For more information, see Differences Between First and Third Person. The excessive use of quotes or unoriginal content will directly impact performance since it suggests lack of comprehension and indicates that a student may not have mastered the concepts. 1) Transportation Management System: Meaning, Importance, and Benefits (2023) https://www(dot)inboundlogistics(dot)com/articles/transportation-management-system/ 2)Top Transportation Management System (TMS) Trends (2023) https://www(dot)logisticsmgmt(dot)com/article/top_transportation_management_system_tms_trends_for_2023 3)What Is a Warehouse Management System? Definition and Software Review (2023) https://www(dot)shopify(dot)com/enterprise/blog/warehouse-management-system 4)ERP WMS Systems (2023) https://www(dot)erpresearch(dot)com/en-us/erp-wms-systems 5)The Role of ERP in Supply Chain Management (2023) https://www(dot)netsuite(dot)com/portal/resource/articles/erp/supply-chain-management-erp.shtml 6) Enterprise Resource Planning: Definition, Benefits, and Challenges (2023) https://www(dot)logisticsmgmt(dot)com/article/enterprise_resource_planning_erp_continues_to_push_further_into_supply_chain_management_scm 7) Enterprise Resource Planning (ERP) continues to push further into Supply Chain Management (SCM) (2023) https://www(dot)logisticsmgmt(dot)com/article/enterprise_resource_planning_erp_continues_to_push_further_into_supply_chain_management_scm 8) Why supply chains must move to technology-enabled ecosystems (2023) https://www(dot)ey(dot)com/en_us/coo/a-networked-supply-chain-helps-coos-counter-disruption 9) Top 10 supply chain technologies (2023) https://supplychaindigital(dot)com/top10/top-10-supply-chain-technologies 10)Supply chains 'playing catch up on visibility technology (2023) https://supplychaindigital(dot)com/technology/supply-chains-must-catch-up-on-visibility-tech-fourkites 11) PwC’s 2023 Digital Trends in Supply Chain Survey (2023) https://www(dot)pwc(dot)com/us/en/services/consulting/business-transformation/digital-supply-chain-survey.html

Essay Sample Content Preview:

Trident at American InterContinental University Student Name Operations Management Control Module 3 Case Professor’s Name Date of Submission Introduction Operations management is a vital activity in any organization, and it is responsible for managing the resources in an organization to achieve set goals. This paper looks at the following pertinent technologies that help in operations management and analyses the financial scenario of a digital supply chain. Technology Analysis Transportation Management System (TMS), Warehouse Management System (WMS), Enterprise Resources Planning (ERP), and Supply Chain Management (SCM) software have various advantages and disadvantages. These systems can be critically assessed based on cost function, fit into the overall supply chain, and competitiveness. First, TMS is applied in today’s industries to track and plan the flow of products and materials throughout the transportation systems. TMS can cause a reduction in transport costs since it removes the situations of multiple shipments and transportation of products through efficient means, reducing the cost of fuel in transportation (Schneider, 2023). However, using TMS may cost a lot and lack proper capital investment and frequent updates. Furthermore, the coupled integration of the other TMS remains a barrier due to implementation problems and reliance on significant third-party suppliers for support and development (Inbound Logistics, 2023; Ravish & Swamy, 2021). Second, WMS is significant for accomplishing the perfect inventory control and for managing all sorts of warehouse organizations. This is why the benefits of implementing WMS include more accuracy in inventory records, faster processing of orders, and rational usage of the space within the warehouse. These benefits reduce costs and provide high satisfaction for clients due to the quick delivery of orders. However, as for the costing consideration, it talks about the cost of time spent on changing the orientations of the warehouse in the software arrangement and the more time spent on the extensive orientation of the employees regarding the utilization of WMS (Keenan, 2023). Third, ERP systems coordinate all business activities and processes with the help of a single software system. The first benefit of implementing an ERP system is enhancing the flow of business processes, the quality of information, and the delivery of reports in real-time throughout the company (McCrea, 2023). It entails integration that contributes to strengthening decision-making procedures and assists in formulating strategies. However, on the negative side, implementing ERP can be very costly, sometimes calls for many changes in the organizational structure, and, in most cases, require specific customization (Tambovcevs & Tambovceva, 2022). SCM software covers various applications, primarily managing supply chain resources and flow. The merits of SCM software include supply chain visibility, better demand management, and supplier and partner management (Mehregan et al., 2023). Financial Implications of the Digital Supply Chain The digital supply chain is a modern SCM that uses tec...

Updated on October 18, 2024

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