Describe and discuss the use of information systems to support supply chain management in the TEVA....

Describe and discuss the use of information systems to support supply chain management in the TEVA. pharmaceutical?(700-800words)

Expert Solution

The current pharmaceutical supply chain is having the issue of long production lead time, high inventory levels and longer delivery lead time and therefore the supply chain of these companies are inefficient and quite costly.

The management of TEVA pharmaceutical was finding it quite difficult to control the inventory cost and reducing the production lead time. IT managers in TEVA pharmaceutical proposed that by using the tools provided by Information technology, the different issues imposed in the supply chain can be effectively mitigated.

This led to the use of Web 2.0 and different types of social networking tools to be used in TEVA pharmaceutical so that the employees can share the supply chain-related information with each other quite easily. Initially, the company used Microsoft SharePoint and then switched to Strategy-Nets and then to Moxie software for social networking among the employees
This strategy came to a fruitful conclusion as it really helped TEVA pharmaceutical to reduce the lead time and the company was able to make its supply chain more efficient.

With the help of IT in its supply chain, TEVA pharmaceutical is successful in having improved performance, better collaboration among the partners of supply chain.

: please give like thanks

Rahul Sunny answered 7 months ago

Information Systems Question: Discuss an important process commonly referred to as supply chain management (SCM). The...

Information Systems Question: Discuss an important process commonly referred to as supply chain management (SCM). The ability to improve the processes associated with SCM is integral to the success of any business. Although commonly associated with manufacturing, SCM also plays a role in accounting, marketing and sales. You will also discuss how Enterprise Applications, such as SAP can assist in integrating SCM processes for improving the overall efficiencies of an organization. How do ERP systems (i.e., SAP) aide in the...

Logistics - Supply Chain Management Discuss the impact of the supply chain drivers on supply chain...

Logistics - Supply Chain Management Discuss the impact of the supply chain drivers on supply chain performances. (facilities, inventory, transport, information, sourcing and pricing)

What is a comprehensive definition of supply chain management. Describe the four cornerstones to supply chain...

What is a comprehensive definition of supply chain management. Describe the four cornerstones to supply chain management and provide the key components of each.

Discuss the role of supply chain management in Xiaomi Corporarion.

Accounting Information Systems Data Analysis Honors Business Law Supply Chain Management Taxation of Entities Taxation of...

Accounting Information Systems Data Analysis Honors Business Law Supply Chain Management Taxation of Entities Taxation of Individuals

Mitigation strategies are commonly adopted by supply chain managers in global supply chain management. Discuss how...

Mitigation strategies are commonly adopted by supply chain managers in global supply chain management. Discuss how managers should consider to make better supply chain network design decisions when supply is unstable.

Describe supply chain management along with its impact on business.

The following two technologies provide support for SCM (supply chain management). For each of the following...

The following two technologies provide support for SCM (supply chain management). For each of the following two technologies, provide an example and explain how each example could help to improve Target’s SCM: (i) Electronic data interchange (EDI) which is a communication standard that enables business partners to exchange routine documents electronically. (Section 11.7, p. 319-320). (ii) Extranets, which link business partners over the Internet by providing them access to certain areas of each other’s corporate intranets. (Section 11.7, p. 321-322).

Consider Transaction Processing Systems, Management Information Systems, and Decision Support Systems. A regional sales manager is...

Consider Transaction Processing Systems, Management Information Systems, and Decision Support Systems. A regional sales manager is suffering from unexpectedly low sales of a new product. How can s/he use each of the above systems for diagnosing the cause of this problem?

Supply Chain Management Supply chain management is instrumental as it pertains to marketing as marketing plays...

Supply Chain Management Supply chain management is instrumental as it pertains to marketing as marketing plays a key role in integrating supply chain processes and promoting collaboration between stakeholders. In this week’s discussion focus on the benefits of supply chain management, how does the implementation of supply chain management result in enhanced customer value?

Question