Strengths and Weaknesses of ERP in Supply Chain Management

Strengths and Weaknesses of ERP in Supply Chain Management

Abstract

The findings of a research on the future effect of Enterprise Resource Planning (ERP) systems on Supply Chain Management are presented in this article (SCM). The Delphi research included 23 European multinational supply chain executives from the Netherlands. This exploratory research yielded three results. To begin, our leaders have identified the following major SCM problems over the next several years: (1) greater integration of activities between suppliers and customers across the entire supply chain; (2) ongoing changes in supply chain needs and the need for IT flexibility; (3) more mass customization of products and services, resulting in increased assortments while decreasing cycle times and inventories; (4) the location of the entire supply chain's driver's seat; and (5) supply chains undergoing transformation.

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Introduction

Companies are concentrating on supply chain strategies as the next frontier in organisational excellence after two decades of simplifying internal processes, increasing plant efficiency, enhancing product quality, and lowering manufacturing costs. One of the reasons for these efforts may be the significant cost savings that can be realised by increasing logistics performance. Across Europe, logistics expenses vary from 6% to 15% of total turnover (AT Kearney 1993). In 1993, American businesses spent $670 billion on logistics and supply chain-related operations, accounting for 10.5% of GDP (Kurt Salmon 1993). Another factor is the emergence of the network economy (Castells 1996, Arthur 1996), which is causing significant changes in the scope and effect of supply chain management. The fully vertically integrated corporate company may become the exception in this network economy, with ever-changing networks of companies becoming the norm (c.f. Tapscott 1996, Kelly 1998, Fine 1998). Markets are getting more transparent, consumer expectations are becoming more personalised (Pepper and Rogers 1999, Jensen 1999), and the pace of change in the corporate sector is continuing to accelerate (Brown and Eisenhardt 1998, Gleick 1999). All of these changes are having a significant effect on how (extended) businesses manage their supply chains.


For More Details About Strengths and Weaknesses of ERP in Supply Chain Management Please Visit Our Website


 Or call us +91 9481545735

Conclusion

Several corporate and academic authors have lately claimed that the network economy is fundamentally altering current business models in general, and supply chain management in particular. The chain of delivering and supplying organisations, not the individual company, is the important entity for evaluating prospective business success; the individual firm is just one component of this network. As a result, supply chain management becomes even more critical to a company's existence. This claim was verified in this research, which polled a panel of 23 European SCM leaders about their perceptions of major SCM trends.

For More Details About Strengths and Weaknesses of ERP in Supply Chain Management Please Visit Our Website


 Or call us +91 9481545735

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