What are XML and service-oriented architecture? Discuss how they are used to support supply chain technology improvement.
Answer to relevant QuestionsWhen preparing to purchase and implement SCIS components, what issues and questions must managers address? Identify the four primary categories of supply chain management software and discuss their primary functions. What are some of the logistical problems that may arise when supply and demand for a product are not aligned properly? What are some of the methods used to soften the effects of this imbalance? Assume an organization’s current service level on order fill is as follows: Current order fill = 70% Number of orders per year = 10,000 Percent of unfilled orders back-ordered = 85% Percent of unfilled orders cancelled = ...Explain why inventory costs and inventory levels have declined relative to GDP over the last 20 years. Is this beneficial to the economy? Why or why not?
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