Unit 8_MT434_Discussion response
13673Respond or elaborate on the discussion response below:
Supply chain management systems (SCMS) are a set of tools that manage the flow of goods, information and finances from end-to-end of the supply chain. Each system covers specific areas of supply chain activity including planning, sourcing, production scheduling, inventory management, order fulfillment, transportation, and partner collaboration. They are designed to provide end-to-end visibility so leaders can see the status of each area to make decisions for optimization, risk management, and agile response. As a result, effective use of SCMS allows leaders to scale their supply chains and make them more cost effective.
Enterprise Resource Planning (ERP) is a unified business platform that consolidates finance, procurement, manufacturing, HR, sales, operations, and logistics into single, centralized application suite for consistent reporting and control (Wisner, 2022). It is used to standardize transactional and master data to ensure alignment between the different supply chain and administrative areas for accuracy. Furthermore, it can automate routine transactions to free leaders to focus on strategy and facilitates faster financial closings. ERP allows functional areas to operate in alignment faster and more efficiently to enhance service.
SAP is a type of ERP that offers a broad suite of applications and cloud solutions that supports global supply chain operations. This application offers a variety of solutions in its suite integrates finance, procurement, manufacturing, and fulfillment processing. It can also model demand planning, inventory optimization, warehouse management, and transportation scheduling. Finally, it has business intelligence platforms that can offer real-time insights and AI drive forecasting. Outside of the visibility and control, this tool also enables leaders to improve their resilience and reduce the total cost of ownership for their operations.
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