23 Oct Unit 2_MT437_Discussion response
13735Respond or elaborate on the discussion post below:
It critical for supply chains to access timely and accurate information to ensure that they can mitigate risks and respond to disruptions. This is done by using information systems to forecast demand and track inventory to optimize it in preventing stockouts, obsolescence, spoilage, and dead inventory. Meanwhile, performance can be monitored and track to determine where issues may arise or opportunities to leverage. Finally, relevant information regarding customer order status, delivery times, and service quality can be gathered and shared to enhance customer satisfaction or plan for long-term strategies for improvements.
While information systems can offer plenty of insight into the performance of a supply chain operation, it often faces many hurdles when integrating it across an operation on a global scale. There is often difficulty in translating newer ERPs from legacy systems due to the compatibility of their outdated software. Furthermore, if systems in each region are utilizing the same versions of a system that are synchronized with each other, then it could result in inconsistencies in data visibility. Also, keeping up to data with cybersecurity compliance and systems training for employees will need to be updated regularly to ensure alignment with data privacy and protection laws.
Blockchains are a decentralized ledger that records transactions within a shared network (Bowersox, 2023). While the data can be accessed and changed (with permission), it cannot be deleted, and all changes are record for transparency. This technology is often used by global organizations to track provenance, automate audits, streamline processes, and prevent fraud, especially in spirits & alcohol and pharmaceutical industries.
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