BuyFind

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681
BuyFind

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681

Solutions

Chapter 18, Problem 1DQ
Textbook Problem

Why do you believe there has been so much emphasis on technology in supply management in the twenty-first century?

Expert Solution
Summary Introduction

To determine: The reason for more importance on technology in supply management in twenty-first century.

Introduction: Supply chain management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations. Technology is the buzzword which many companies are looking forward to improve their efficiency. Its integration into business is undeniable as it allows simpler completion of complex tasks.

Explanation of Solution

Reason for more importance on technology in supply management in twenty-first century:

Technology is making the works simple and process shorter which helps to improve the efficiency and effectiveness of a process. A change or transformation can be brought through by integration of technology with supply chain. Apart from production, the distribution system is also enhanced by the technology advent into operations. It helps in resolving complex problems which makes tasks simpler and also enables multi-tasking.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Additional Business Textbook Solutions

Find more solutions based on key concepts
Define chart of accounts and identify the categories of accounts.

College Accounting (Book Only): A Career Approach

COST OF COMMON EQUITY WITH AND WITHOUT FLOTATION The Evanec Companys next expected dividend, D1 is 3.18; its gr...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

What is publicity, and why do organizations use it?

Foundations of Business (MindTap Course List)

Should an economic model describe reality exactly?

Principles of Microeconomics (MindTap Course List)

What is it that the entrepreneur does?

Economics (MindTap Course List)