Supply Chain Management ( Scm ) - 1992 Words

1. Introduction Supply chain management (SCM) is a massive topic of interest and has been trending ever since the advent of globalisation. The global economy scenario generates a data which could be capitalised by analysing the data to increase supply chain presence, integration, track organisational performance and increase competitive advantage (Chae Olson, 2013). Furthermore, There are several systems that are developed to analyse the statically and qualitative to optimise the plan, acquisition, production and transportation in supply chain (Oliveira, McCormack, Trkman, 2012). In the current dynamic market, supply chain agility will help to adapt to market changes, thereby converting problems to opportunities by using insights and†¦show more content†¦2. Business Intelligence Systems Business intelligence systems is complex combination of technology and analytical techniques facilitate business decision making (Chae Olson, 2013). Additionally, BI provides relevant information on an enterprise and with regards to the market that it is in, incorporating customers, technologies, products, markets, suppliers and competition (Sangari Razmi, 2015). A corporation generates a lot of operational and transactional data about products, services, sales, customers etc. stored across the various databases in the company we have to select the data that can be used to create intelligence after processing using extraction, transformation and loading (ETL) (Chae Olson, 2013). Moreover, the data must generate business value, this can be done using data mining, analytical techniques to convert raw data into informational insights to predict future events (Chae Olson, 2013). Lastly, BI enable to monitor and report company’s performance by the use of KPI’s across v arious domains by mapping with frameworks like Six Sigma to create dashboards and scoreboards with suggest corrective actions (Chae Olson, 2013). 3. Supply Chain Management Capabilities SCM in the current market scenario are expected to have capabilities that will enable to survive the dynamic market scenario to strive through frequently changing environments by integrating and reconfiguring external and