E-Supply Chain Key Terms

Use E-supply chain key terms to help manage inventory levels more effectively

In the past, a customer may have called in an order, which led to a paper trail and many other phone calls. However, with an E-supply chain that same customer now uses the Internet to purchase goods and the worker places and tracks orders by electronic means. You can use E-supply chain key terms to understand this process better and make more effective inventory decisions.

 

Supply chain management

Supply chain management is the generic term for maintaining the flow of both products and information in an orderly process. Supply chain management seeks to maximize customer satisfaction while at the same time minimizing costs. The E-supply chain plays an integral role in this process.
Try: Review the supply chain management definition available at the Business Dictionary.

Electronic marketplace

The electronic marketplace is where the sale of goods and services between customers and enterprises takes place entirely by electronic means. In an E-supply chain, this is the primary medium for transactions.
Try: Examine the electronic marketplace explanation from Bit Pipe for more information on the term.

Enterprise resource planning (ERP)

Enterprise resource planning involves incorporating software solutions to help manage the E-supply chain. Some of the top companies for ERP solutions are PeopleSoft, Oracle and SAP.
Try: Evaluate the enterprise resource planning systems definition from ERP Implementation.

Customer relationship management (CRM)

Customer relationship management (CRM) is the term for the demand side of the E-supply chain. CRM products help you track customer orders and build relationships for a more effective E-supply chain.
Try: Study the customer relationship management tutorial from Customer Service Point for further details.

Electronic data interchange

Electronic data interchange is the technology that enables an E-supply chain to function at its optimal level. Electronic data interchange also allows simultaneous updates of many data points in different databases at once.
Try: Assess the electronic data interchange primer available at Covalent Works.

Extensible Mark-up Language (XML)

Extensible Mark-up Language (XML) is the primary computer language that programmers use to compile an E-supply chain management system. Essentially, XML allows different software platforms and computer networks to communicate effectively.
Try: Use the Extensible Mark-up Language tutorial available at W3C for more information.

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