LOG 499 Grantham Week 6 Assessing Lean Opportunities for Supply Chain Logistics Paper

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Business Finance

LOG 499

Grantham University

LOG

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Assessing Lean Opportunities for Supply Chain Logistics 

In 3-5 pages, list and discuss: 

Enterprise Resource Planning (ERP) Systems

Distribution Requirement Planning (DRP)

Warehouse Management System (WMS) Software and Radio Frequency Identification (RFID)

Transportation Management Systems (TMS)

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Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.

Running head: LEAN OPPORTUNITIES FOR SUPPLY CHAIN

Assessing Lean Opportunities for Supply Chain Logistics
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LEAN OPPORTUNITIES FOR SUPPLY CHAIN

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Enterprise Resource Planning (ERP) Systems
Hoque, AlBar & Bahssas (2015) defines Enterprise Resource Planning Systems as an
integrated, real-time and cross-functional system that support various internal business
processes and activities. It allows companies to manage and integrate vital business aspects.
The key processes supported by the system include the following. Firstly, the systems support
sales order processing. Whenever customers place their order, the company can use the system
to process the orders and take the necessary actions. The second process is inventory
management and control. Inventory management is a critical component of supply chain. The
systematic sourcing, storage and sales is facilitated using the ERP Systems. Next, the ERP
Systems facilitate production and distribution planning. This process is closely related to
inventory. Lastly, the process facilitates financial processes. Therefore, the system covers the
following aspects. Firstly, it covers finance where it allows an organization to perform financial
and managerial accounting, asset management and treasury and budget management and
control. Also, the syst...

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