List the major factors on which the success of e-supply chain depends.

CS Professional · Information Technology and Systems Audit · PYQS · June 2019
List the major factors on which the success of e-supply chain depends.

Answer & Explanation:

The success of an e-supply chain depends on the following: The ability of all supply chain partners to view partner collaboration as a strategic asset. Tight integration and trust among the trading partners generate speed, agility, and lower cost. A well-defined supply chain strategy. This includes a clear understanding of existing strengths and weaknesses, articulating well-defined plans for improvement, and establishing cross-organizational objectives for supply chain performance. Information visibility along the entire supply chain. Information visibility refers to the information about inventories at various segments of the chain, demand for products, capacity planning and activation, synchronization of material flows, delivery times, and any other relevant information that must be visible to all members of the supply chain at any given time. Speed, cost, quality, and customer service. These are the metrics by which supply chains are measured. Consequently, companies must clearly define the measurements for each of these four metrics, together with the target levels to be achieved. The target levels should be attractive to the business partners. Integrating the supply chain more tightly. An e-supply chain will benefit from tighter integration, both within a company and across an extended enterprise made up of suppliers, trading partners, logistics providers, and the distribution channel. Use advanced predictive tools and use data to access what the consumers want and to predict the demand instead of piling up inventory. This not only helps in reducing cost but also provide the management and partner's insights to better manage their inventories.

Topics: E-commerce

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