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Home Q & A Board Other Fields Homework Help Business Accounting
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ang359 ang359
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2 months ago
As part of their continuing effort to improve business processes to deliver maximum value to their customers, many businesses have adopted one or more of the following systems:

a.Supply chain management
b.Just-in-time-inventory (JIT)
c.Enterprise resource planning (ERP) systems
Required:

Describe each of the three systems and their goal.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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dioxy186dioxy186
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More solutions for this book are available here
a.A supply chain is a network of facilities that acquire raw materials, transform them
into intermediate goods and then into finished products, and deliver them through a distribution system. The goal is to get the right product to the right customer, in the right quantities, at the right time, and for the right cost.

b.Just-in-time inventory is an inventory system that focuses on having raw materials on
hand just in time to complete customers' orders as they are received. The goal is to reduce the costs associated with maintaining inventory.

c.Enterprise resource planning systems are electronic systems used to accumulate and
provide information to decision makers on a companywide basis. The goal of ERP systems is to integrate all data from the company's many business processes into a single information system.

This verified answer contains over 230 words.
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ang359 Author
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2 months ago
Smart ... Thanks!
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Good timing, thanks!
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