UNIT 3

UNIT 3

1. Technological tools for sourcing

   • E-Procurement refers to electronic contracting and the automation of processes that involve the purchase of products or services between the client and the supplier (order, receipt,supply, billing, etc.).
     • 1. Web-based ERP: creating and approving purchase requisitions, placing purchase orders, and receiving goods and services through the use of a software solution based on Internet technology. 2. e-MRO (Maintenance, Repair and Overhaul): Same as Web-based ERP, except that the goods and services ordered are non-product related MRO supplies. 3. e-sourcing (e-profiling): Identifying new suppliers for a specific category of purchasing requirements using
     • 4. e-tendering (e-bidding): Sending requests for information and prices to suppliers and receiving responses from them, using Internet technologies. 5. e-reverse auctioning: Using Internet technologies to purchase goods and services from a number of known or unknown suppliers. 6. e-informing: Gathering and distributing transaction information for both internal and external entities using Internet technologies.
   • SRM helps you foster positive relationships with your suppliers and guide your activities with each supplier. It worksin the same way that a CRM managescustomers.

2. Virtual business network

   • The virtual company is a new organizational structure supported by the Internet resource. The potential of the business is expanded and it also allows a greater connection link between the personnel and interaction with other companies.
     • A VPN is a top-of-the-line cybersecurity solution that serves to protect users when they browse the Internet.
     • About what is extranet, it is a computer network that allows access to third parties, i.e. users outside the company.
     • internet It is known as the internal corporate network of a given company, so that it can only be accessed by employees.

3. Dynamic inventory and investment optimizer

   • It is generally used by many companies to help avoid excesses and shortages of products in inventory
     • Inventory optimization aims to achieve the most appropriate product mix in the warehouse in accordance with the stock-service strategy selected by the company.
   • Inventory optimization and efficient logistics system
     • It is the most important process within companies in charge of keeping control of the supply chain such as managing the quantity and availability of merchandise, information from vendors, customers, suppliers and resources within a company to obtain absolute control over all data and processes