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61636548submit .Assignments> In Class Discussion - Assignment 4 In Class Discussion - Assignment 4 Due Friday by 11:59pm Points 18 Submitting Available Jul 24 at 12am- Jul 27 at 11:59pm 4 days a text entry box or a file upload What is external integration in Supply Chain Management? Name the five extemal integrations and explain them. 1s Fle Upload Text Entry Google Doc Upload a file, or choose a file you've already uploaded File Browse- sure Add Another File Cick here to find a ile you've aready uploaded Cancel Submit AssignmentExplanation / Answer
In the context of supply chain management external integration refers to the extent to which a company develops and establishes collaborative relationships with its suppliers and customers. It does not stop at developing collaborative relationships but also includes elements like sharing of information and coordination of external integration activities with suppliers and customers.
Five external integrations are:
(i) Synchronizing and interfacing with customers and suppliers - Synchronizing and interfacing between partners in supply chain removes barriers to communication and learning. This enhances the opportunity to innovate.
(ii) Joint investing with customers and suppliers – This integration offers considerable cost savings and better and more efficient control of inventory. The joint investments can be in the area of technology, research and development etc.
(iii) Sharing process with customers and suppliers – When processes are shared with customers and suppliers then the customers and suppliers become more pro-active. Processes can be shared with regards to purchasing or some management aspects or any other processes as deemed appropriate.
(iv) Sharing knowledge with customers and suppliers – The knowledge can be shared with regards to aspects of promotional events, operations, distribution management system, inventory system etc.
(v) Joint planning with customers and suppliers – Joint planning can be done in the area of marketing and inventory management. This will help in developing better sales forecast, effectively plan for new product launches and ensure that appropriate stock levels are maintained.
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