Stochastic Modeling with Applications in Supply Chain Management and ICT Systems
Abstract
:1. Introduction
2. The Non-Central Polya-Aeppli Process and Some of Its Characteristics
3. Supply Management in Electronics
4. Non-Central Polya-Aeppli Process and Its Application in Electronic Process Management
- Production model: this involves the creation of products or service, which is sold to the client. The company usually buys raw materials and produces goods with added value;
- Rental/leasing model: the company owns equipment, machinery, land, buildings, vehicles, etc., which are provided to the customer for temporary use. After the end of the contract, the subject of the deal remains property of the owner;
- Advertising model: this involves providing a platform that businesses can use to promote their products or services. The customers pay for advertising, while the ads are usually free for their target audience;
- Commission model: this includes offering services to the clients.
- The company in our study case obviously follows the production business model.
- Production component: the step a product or service has to go through before it can be sold to customers in its final form;
- Operation component: this involves all the equipment for the product and personnel;
- Sales and marketing component: this is about getting the product ready for people, aiming to create interest among potential customers;
- Delivery component: this comprises bringing the product or service to the end customer.
5. Conclusions
Author Contributions
Funding
Data Availability Statement
Conflicts of Interest
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№ | Product | Features | Website |
---|---|---|---|
1. | NetSuite | NetSuite is fully cloud-based SCM software that includes the following modules: demand; warehouse and inventory management; analytics and reporting; customer relationship and management, professional service automation; audit trail; tax; and workflow and cost management. | https://www.netsuite.com/ (accessed on 20 September 2022) |
2. | GEP NEXXE | GEP NEXXE is an AI-powered digital platform that provides fully cloud-based SCM software. It is designed for complex, global demand and supply networks and it provides visibility and execution (inventory, warehouse management, logistics), planning (demand, supply, logistics) and collaboration (forecast, purchase order, capacity) in one cloud platform. | https://www.gep.com (accessed on 20 September 2022) |
3. | Infor SCM | Infor SCM is a cloud-based enterprise supply management software. It is built on Infor ERP and is available on all devices, including mobile, tablet and desktop. It includes modules such as visibility and control, global trade and finance, planning and demand management, warehousing and transportation and product lifecycle management. | https://www.infor.com (accessed on 20 September 2022) |
4. | SAP SCM | SAP is among the most popular SCM software available in over 180 countries and over 40 languages. It is a cloud-based platform that features predictive analytics, automation and IoT capabilities. The platform includes inventory optimization, demand forecasting sales and operation planning, supply planning, enhanced compliance, dashboard to manage all tasks from a single place and supplier management, among others. | https://www.sap.com (accessed on 20 September 2022) |
5. | Oracle Cloud SCM | Oracle SCM is a fully cloud-based SCM platform and end-to-end business process integration. Oracle’s cloud applications include enterprise resource planning, supply chain and manufacturing management, human capital management and customer experience. | https://www.oracle.com/scm (accessed on 20 September 2022) |
6. | Coupa | Coupa Supply Chain Design & Planning provides smarter, faster supply chain decision making for enterprises around the world. The platform includes an innovative all-in-one supply chain modeling tool that helps transform designs from one project to a consistent and repeatable process. It provides benefits to its customers through the use of Amazon Web Services. | https://www.coupa.com/ (accessed on 20 September 2022) |
7. | JAGGAER SCM | JAGGAER is SCM software that allows users to collaborate in real time with 100% of direct material suppliers through a modern supplier portal—web EDI (electronic data interchange). The platform includes all stages of SCM, namely ordering, receiving and invoicing goods. | https://www.jaggaer.com/ (accessed on 20 September 2022) |
8. | Epicor Software Corporation | Epicor offers SCM software solutions integrating procurement, inventory, logistics, warehousing and distribution functionality with CRM and financial management. It aims to provide a tailored technology platform focusing on serving the needs of end-to-end supply chains. | https://www.epicor.com/ (accessed on 20 September 2022) |
9. | E2Open | E2open is cloud-based, mission-critical, end-to-end SCM software that provides automated real-time information exchanges with and among partners. It features advanced material management, warehouse management, inventory planning and management, barcoding, EDI, purchase management, commerce connect and so on. | https://www.e2open.com (accessed on 20 September 2022) |
10. | Microsoft Dynamics 365 | Microsoft Dynamics Supply Chain Management (D365 SCM) is cloud-based software that combines traditional ERP and customer relationship management systems. It is focused on increasing the operational efficiency of businesses and the quality of the end product. It provides inventory and logistics management, automated warehouse operations, simplified procurement process, improved overall equipment process using IoT, effective geographical asset management, power BI analytics and so on. | https://dynamics.microsoft.com/ (accessed on 20 September 2022) |
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Lazarova, M.; Sapundzhi, F. Stochastic Modeling with Applications in Supply Chain Management and ICT Systems. Computation 2023, 11, 21. https://doi.org/10.3390/computation11020021
Lazarova M, Sapundzhi F. Stochastic Modeling with Applications in Supply Chain Management and ICT Systems. Computation. 2023; 11(2):21. https://doi.org/10.3390/computation11020021
Chicago/Turabian StyleLazarova, Meglena, and Fatima Sapundzhi. 2023. "Stochastic Modeling with Applications in Supply Chain Management and ICT Systems" Computation 11, no. 2: 21. https://doi.org/10.3390/computation11020021