Monday, 24 April 2017

How ICT contribute to the change of supply chain?

The speed of change in the supply chain has increased and is expected to continue increasing as technology continues to progress. Businesses are recommended to consider possible variations while designing strategies as these changes continue. Most changes in the supply chain are related to the Internet. Businesses began by using the Internet to confirm orders and paying suppliers continued on to important changes in purchasing behaviours thanks to the increased amount of information being available to potential buyers.

The World Wide Web was well known in the mid-nineties but it wasn’t until the late nineties that security was updated and consumers began trusting the system a little more. Browsing online gave businesses the chance of saving time and having a wider range of choice of suppliers.

Economies of scale in purchasing began to change too. It is now a lot easier for buyers to create joint purchasing agreements with other firms when this doesn’t break the law. Groups can be linked into the information systems of the purchasing companies. 

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