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Problem

Describe the role the Internet plays in enhancing supply chain management operations.

Step-by-step solution

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Step 1/3

Internet has been playing a pivotal role in managing supply chain management process. In fact in modern business environment, internet is one of the main components of supply chain management process.

Step 2/3

Internet helps in supply chain management process in following ways:

• Proper communication plays an important part in effective supply chain management and internet help the supply chain management participant in communicating effectively.

• Second most important factor in effective supply chain management is fleet management in which internet helps the companies.

• In managing large data related with various quantities and transactions that takes place between various parties, internet plays a vital role through the use of cloud based applications. Various parties can have access to the various types of data at the same time and can share pivotal information with the help of cloud based software.

• Internet can also be used to identify the demand and market research process can also be carried out by the use of internet in an effective manner.

• In order to identify the potential suppliers and buyers internet can be of great help for the companies.

Step 3/3

Thus, these are some of the ways in which internet can be used by companies in order to make the process of supply chain management more effective and efficient.