Supply chain management involves coordinating and integrating these flows both within and among companies. The information flow involves transmitting ordersand updating the status of delivery. The financial flow consists of credit terms, payment schedules, and consignment and title ownership arrangements.
Planning applications use advanced algorithms to determine the best way to fill an order.
Execution applications track the physical status of goods, the management of materials, and financial information involving all parties. This shared data may reside in diverse database systems, or data warehouse , at several different sites and companies. Increasing numbers of companies are turning to Web sites and Web-based applications as part of the SCM solution. A number of major Web sites offer procurement marketplaces where manufacturers can trade and even make auction bids with suppliers. Bringing you the best technology specific search engines.