The issues raise in this paper is how IT can facilitate small or weak members of supply chain to achieve competitive advantage. It tries proving that not only large company can be the dominant of the competitive advantage. In this case, TAL Apparel Limited is showing that how it uses the new information management initiatives by using vendor-managed inventory and made-to-measure to manage supply chain of its major retailer customers. Next, it discuss about the roles and impact of IT in promoting changes in industrial structure, creating differentiated products and services, and generate new business opportunities impact. Lastly, it is emphasizes how IT can be levered strategically to strengthen company’s position and reinforce its competitive …show more content…
At the 1980s, use of IT to support business operation is the alien concepts, but after the growth of IT, it becomes a key driver for integrated solution. It makes the company decided to seek the comprehensive enterprise system to integrate their business processes and operations. TAL was chosen ERP Movex to align the internal operations and management throughout the company’s external relations with trading partners in the supply chain and demand chain. After that, TAL further enriched its supply chain capabilities through the use of TradeCard suite of web-based financial solution in order to promote automation financial transaction from the purchase of raw material from supplier to finished good sales to …show more content…
Firstly, through the understanding of competitive landscape of industries, enterprise can promote changes in industry structure, so that it can change the rules of competition. TAL had change in the structure through the innovation. This had presented greatest impact by minimizing the threat of new participants, buyer power balancing and corrosive the power of supplier. To minimize the threat of new entrants, TAL’s use of IT to erect barriers to entry in one of the value system by bundling system and it raise barrier to entry by using MTM, because it required a closer integration with the buyer of the value chain. Moreover, TAL uses the IT to raise the switching cost and access to customer information in order to understand what customer’s need. TAL also uses the IT to corrosive the power of supplier in order to control the main source in the system. Second, in order to make a distinction service offering, TAL has use the IT to give supply turnkey solution to transform traditional commodities such as generic product. It also tries to give extra origin of distinction through MTM system and file the information with the physical product package, and make barrier to artificial. Thirdly, TAL uses the IT to give provision of logistic and supply management chain as a separate service offerings to make new business
Supply chain management is connected with the flow of products and information between supply chain members and organizations. New development in technologies enables organization to get correct information easily in their premises. Technologies used are helpful in coordinating the activities which manage the supply chain. By this the cost of information is decreased because now we have increasing rate of technologies. In an integrated supply chain where product or raw material and information flow in a bi-directional we as managers needs to understand that information technology is more than just computers.
A system integrated approach would improve the business process and hence enable the different functions to share information. It was clearly identified that the ERP deployment would benefit the company through all these elements. In the case, benefits of ERP adoption were not quantified but improved cost and better pricing strategy were discussed to justify the ERP project financially. It can be interpreted that ERP, leading to improved cost analysis, cost control, less redundancy, optimized production and better pricing, would result in low costs and hence higher profit for the company. Financial justification for the ERP adoption can also be inferred through the fact that it would lead to resolution of several problems which the company faces
In the 1960s through the 1970s, companies realized strong engineering, design, and manufacturing functions were strong market strategy keys to create and capture customer loyalty. As the demand for new products rose in the 1980s, these market requirements were to increase their flexibility and responsiveness to adapt existing products and processes or to develop new ones in order to meet customer needs. As manufacturing improved in the 1990s, managers began noticing material and service inputs involving suppliers and their major impact on an organization’s ability to meet customer needs. As a result of these changes, organizations now find that it difficult to manage their own organizations. First, they must be involved in the management of their network of all upstream firms that provide directly or indirectly, as well as the network of downstream firms, which are responsible for delivery and market service of the product to the end customer. In order to succeed, managers have to realize that they cannot do it alone and they must work together on a daily basis with the whole organizations in their supply chains. Because supply chain management involves all functions within an organization, managers need to know what a supply chain is, why it is important, and the impact of supply chain management on the success and profitability of their organization. Today, Wal-Mart topped the list of the America’s biggest companies on the Fortune 500 list, “with sales of almost $345 billion — more than a quarter of a trillion dollars” (Forbs). Wal-Mart’s supply chain management is becoming recognized as a core competitive strategy.
Table of Contents Introduction, Assumptions and Expectations 3 Assumptions and Expectations continue 4 Information Technology Support 5 Alternative Approaches and Advantages 6 Value Chain 7&8 Business Model…………………………………………………………………………….................................... 9&10 Business Environment………………………………………………………………….................................. 11&12 Strategy……………………………………………………………………………………............................................ 13 Conclusion…………………………………………………………………………………………………………………………..
ERP is a business system that joins all the aspects in the business world such as planning, manufacturing, sales and marketing, projects. The ERP has become more popular in the software which used to help the business actives including order tracking, customer service, finance, inventory control and human resources. The ERP databases contain all the data about the business whi...
The furniture company Somerset needs to retain its customer service record and remedy any of its global supply chain issues before it has an adverse effect on the brand and start losing customers. With a frequent change in the product catalog, keeping an excessive inventory will cut its profit and some of the product may become obsolete even before the furniture hits the retail outlet stores. In order to achieve profit and success, business employee many strategies and the supply chain strategy are one of the operational management techniques that use analytical decision making process to achieve the company goals and provide tools to effectively compete in the market (Taylor and Russell, 2014).
Supply chain management has been defined as that process that involves the management of information, materials, and all the finances that are handled within and across the entire supply chain process (Christopher, 2016). The management is usually done through out the entire supply chain management from that moment when the suppliers are involved through all the manufacturing activities, different distribution activities, and the way that the products are served to the final product consumer (Turban, et al., 2002). The process also includes all the activities that different organizations offers to their customers as after sale services for purposes perfecting their services and products towards their highly valued customers (Christopher,
[8] Supply chain lessons for the new millenium: a case of Micromax informatics Integral Review –by Salma Ahmed, A Journal of Management-ISSN: 2278-6120, p-ISSN: 0974-8032, Volume 5, No. 2, Dec.-2012, pp 53-61) .
described the ERP system as packaged (but customisable) software applications, which manage data from various organizational activities and provide a fully integrated solution to major organizational data management problems. They provide for both the core administrative functions, such as human resource management and accounting, as well as integrated modules which can be selected to support key business processes, such as warehousing, production and client management.
In applying the IS/IT strategies in this company, I proposed that this company should have e-commerce element in their business which is used the internet as an ...
“From early on the ambition of ERP-systems has been used to integrate all transaction systems within the one system which combines all information and practices across full organisation, and gives proper information for decision-making in real-time” (Bjorn-Andersen & Johansson 2007)
National and International businesses are becoming ever more dependent on logistics and supply chain management in order to keep pace with the demands of an increasingly global economy. This is why business leaders acknowledge that the supply chain can be a value creator and a source of competitive advantage.
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
The last decade can be marked as a period of significant changes in the business world. Being accustomed to utilize computers as a powerful tool with its office applications such as Microsoft Word and Excel. In the 1990s office workers first faced the opportunity to share information using the Internet (McNurlin, 2009). However, the situation became even more different with the transition to the third millennium. With a further development of information technologies, the majority of big enterprises had to reconstitute their business processes and to make the transition to the Internet economy. Enterprise resource planning (ERP), supply-chain management (SCM), customer relationship management (CRM) software and the variety of other information systems became essential components of the new economy. It can be expected, that all these complex solutions were designed to bring great benefits for different sides of the corporate activity, in particular, decisions made by top-managers are expected to become nearer to the ideal, customer service is to be improved and collaboration more prolific. Nevertheless, to ensure the desired results it should be taken into account that the key concept of these reorganizations is an information or a data, dealing with which can be a serious issue, and wide utilizing of the data warehouses in contemporary organizations confirms this fact.
Manufacturing Processes, Operations Research, Industrial Management, retail performance were the other subjects which enabled me to blend the required action whenever a problem was posed to me. The demand driven supply chain management was the most interesting part that piqued my interest during my master’s study. At the beginning of my professional job, I found uncertainties and lack of integration in product and information flow between upstream and downstream sides. Therefore, I was inspired to conduct my master’s study on Textile Management to get an insight on focal firm and how it synchronizes itself with its different tier customers and suppliers. My master’s study honed my sense of exploration & focused my concentration on management studies that finally culiminating in my decison to pursue doctoral study which would expand the horizon of my knowledge and experience. As an academician it is also my aspiration to have a better understanding on management, especially Globalized Apparel Supply Chain Management, which will enable me to contribute significantly in my country’s