DZone
Integration Zone
Thanks for visiting DZone today,
Edit Profile
  • Manage Email Subscriptions
  • How to Post to DZone
  • Article Submission Guidelines
Sign Out View Profile
  • Post an Article
  • Manage My Drafts
Over 2 million developers have joined DZone.
Log In / Join
  • Refcardz
  • Trend Reports
  • Webinars
  • Zones
  • |
    • Agile
    • AI
    • Big Data
    • Cloud
    • Database
    • DevOps
    • Integration
    • IoT
    • Java
    • Microservices
    • Open Source
    • Performance
    • Security
    • Web Dev
DZone > Integration Zone > The Importance of Supply Chain Management

The Importance of Supply Chain Management

SCM is all about integrating and coordinating flows, as well as overseeing all related elements in the value chain such as materials, information, and finances.

Dan Dempsey user avatar by
Dan Dempsey
·
Feb. 05, 17 · Integration Zone · Opinion
Like (0)
Save
Tweet
5.17K Views

Join the DZone community and get the full member experience.

Join For Free

Supply Chain Management (SCM) is the management and oversight of materials, information, and finances as they travel through the supply chain from supplier to manufacturer, wholesaler, retailer, and customer.

There are functions, activities, transactions, and people interconnected in an integral value chain through which products or services — whether physical or virtual — constantly flow back and forth from supplier and manufacturer to distributor and, finally, to consumers. Integrating and coordinating these flows, as well as overseeing all related elements such as materials, information, and finances is what supply chain management (SCM) is all about.

In the Internet of Things (IoT) era, supply chain management is no longer limited to electronic data interchange (EDI) and business-to-business integration solutions. Today’s real-time, data-dependent economy requires supply chains to obtain greater accountability, governance, and visibility by leveraging a data-centric approach to SCM.

This data-centric approach enables businesses to collaborate seamlessly and handle data efficiently, and is characterized by the following advancements:

Seamless Integration of Business Elements

A recent IDC report suggests that supply chains should close the loop through an integrated approach to supply chain management. That is, all applications, business units, and data in the cloud must be integrated for better flow of information, which results in a better flow of goods and services. The integration of different business elements minimizes the risks of obtaining bad data and avoids delays, data duplication, and error. Also, an aligned approach to supply chain planning and supply chain execution helps supply chains to increase speed and eliminate process complexities.

Schema-on-Read Approach to Data Management

Leveraging Big Data technologies that are based on an on-demand, scalable architecture helps supply chains manage data and support data modeling at the time of consumption – whenever and wherever the business needs it. This gives the business massive flexibility over how it consumes its business data and enables data storing for reference and consumption years into the future. Managing data this way also enables organizations to persist all data exchanges and utilization, thus helping ensure accuracy and security.

Real-Time Data Transparency

Obtaining data integrity and visibility can help solve supply chain instability. Transparency into raw data and data flow lineage can be achieved through reliable Big Data technologies with easy-to-use, customizable system interfaces. The concept of data transparency enables organizations to better collaborate across all functions in their supply chain, thereby eliminating departmental information silos and improving efficiency.

Supply chain management Big data

Published at DZone with permission of Dan Dempsey. See the original article here.

Opinions expressed by DZone contributors are their own.

Popular on DZone

  • Exhaustive JUNIT5 Testing with Combinations, Permutations, and Products
  • Anypoint CLI Commands in MuleSoft
  • How Low Code Demands More Creativity From Developers
  • Understand Source Code — Deep Into the Codebase, Locally and in Production

Comments

Integration Partner Resources

X

ABOUT US

  • About DZone
  • Send feedback
  • Careers
  • Sitemap

ADVERTISE

  • Advertise with DZone

CONTRIBUTE ON DZONE

  • Article Submission Guidelines
  • MVB Program
  • Become a Contributor
  • Visit the Writers' Zone

LEGAL

  • Terms of Service
  • Privacy Policy

CONTACT US

  • 600 Park Offices Drive
  • Suite 300
  • Durham, NC 27709
  • support@dzone.com
  • +1 (919) 678-0300

Let's be friends:

DZone.com is powered by 

AnswerHub logo