{"id":864,"date":"2021-03-13T00:23:52","date_gmt":"2021-03-12T18:23:52","guid":{"rendered":"https:\/\/agribusinessedu.com\/?p=864"},"modified":"2021-03-13T00:23:52","modified_gmt":"2021-03-12T18:23:52","slug":"role-of-it-in-supply-chain-management-in-agribusiness-after-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/agribusinessedu.com\/role-of-it-in-supply-chain-management-in-agribusiness-after-covid-19-pandemic\/","title":{"rendered":"Role of IT in supply chain management in Agribusiness after Covid 19 Pandemic \u00a0"},"content":{"rendered":"

Role of IT in supply chain management<\/a> in Agribusiness<\/a> after Covid 19 Pandemic \u00a0<\/span><\/h3>\n

Companies who want to invest in supply chain management programs acknowledge that they will play a special role. Role of IT in supply chain management in Agribusiness after Covid 19 Pandemic has significant importance. They both agree that as a result of this joint endeavor, they, as well as all other supply chain partners, would be better off. The central problem is that of authority. Control has shifted from suppliers to sellers over the past two decades. When it comes to knowledge access for the supply chain, retailers play a crucial role. They rise to popularity as a result of technological advancements. There are three distinct advantages of developing an inter-organizational knowledge structure for the supply chain. There are the following:<\/span><\/p>\n

Cost reduction:<\/strong> <\/span><\/h4>\n

Technological advancements have since resulted in the ready supply of all goods with various sales and discounts. As a result, commodity prices are reduced.<\/span><\/p>\n

Productivity: <\/strong><\/span><\/h4>\n

Productivity has increased as a result of the development of new tools and applications as a result of the advancement of information technology. This makes productivity even better and takes less time.<\/span><\/p>\n

Improvement and product\/service strategies: <\/strong><\/span><\/h4>\n

Not only has the technology, but also the market, grown dramatically in recent years. New techniques are developed to entice buyers, and new approaches are tested in order to improve the product.<\/span><\/p>\n

It’s fair to say that information technology is an important part of supply chain management. With technological advancements, new goods are launched in a fraction of a second, increasing their consumer demand. Let’s have a quick look at the role of information technology in supply chain management. In the advancement and management of supply chain information systems, both the software and hardware components must be addressed. The input\/output equipment on a monitor, such as a screen, printer, mouse, and storage media, are all part of the hardware. The software section includes the entire infrastructure and application program for handling transactions, controlling them, making decisions, and strategizing. The position of certain important hardware and software devices in SCM will be discussed here. Here’s a rundown on what they’re all about:<\/span><\/p>\n

Electronic commerce <\/strong><\/span><\/h4>\n

The wide spectrum of technologies and methods used to do business in a paperless world is referred to as electronic commerce. E-mail, automatic fund transfers, electronic printing, image editing, electronic bulletin boards, mutual directories, and magnetic\/optical data capture are all part of it.<\/span><\/p>\n

Electronic commerce enables businesses to simplify the process of electronically exchanging paperwork, documentation, data, and information between vendors and consumers, making contact much simpler, cheaper, and faster.<\/span><\/p>\n

Interchange of Electronic Data<\/strong><\/span><\/h4>\n

Electronic Data Interchange (EDI) is the process of sending and receiving business information in a common format from one device to another. It describes the capability as well as the process of sharing information online between two organizations rather than using conventional methods such as postal, messenger, and fax. The below are the main benefits of EDI:<\/span><\/p>\n