Supply chain holds a special place in B2B e-business. With the growth of internet and businesses operating electronically, the product life cycle has reduced to a large extent. This has increased the competition among the organizations to better manage their supply chain to satisfy the customers need in a competitive market. With the growth of information technology, the trends in determining the demand and supply are changing drastically. The organizations are developing and implementing better systems, which can forecast the demand and supply in a flexible way to the changing needs. The changing business market has forced the organizations to employ highly skilled people on a better infrastructure and to develop supply chain mechanisms, which is flexible to the changing market conditions and demand. IN this document, we will discuss the various aspects of supply chain management in B2B e-business.
2. What is supply chain management?
Supply chain management involves the business processes which are interconnected to deliver the product of choice to the end users. It involves the business processes from the very beginning of acquiring raw material, human resource management, intermediate processing, finishing goods and delivering to the end customers. In B2B e-business, supply chain management plays an important role. The customer in B2B e-business is not aware of the processes being followed by the organization to make a delivery of the product of his/her choice. There is no direct interaction between the organization representatives with the customer. Hence, it is important for the organization to implement a supply chain mechanism which is competitive in the market and gives best results to compete with other organizations.
The product life cycle is also an important part of...