Question

You plc has recently decided to invest in an edi system that will allow it to automatically place orders with its major suppliers. currently, you's purchasing department staff have to place telephone orders to the company's suppliers, which is slow and inefficient. which activity within you's value chain will the new edi system improve?

Answer 1

The EDI system will enhance You plc's procurement and inbound logistics aspects of the value chain, leading to greater efficiency and supply chain responsiveness. It also aligns with modern labor policies and labor rights, ensuring sustainable and socially responsible operations.

Step-by-step explanation:

The implementation of an EDI (Electronic Data Interchange) system will improve the procurement and inbound logistics aspects of the value chain at You plc.

By adopting EDI technology, the company will enhance the efficiency of its ordering processes by reducing manual input, decreasing errors associated with traditional telephone ordering, and potentially shortening the order fulfillment cycle time.

Furthermore, with EDI, You plc can expect better communication with suppliers, leading to more streamlined inventory management and an overall more responsive supply chain operation.

In order to support a more robust supply chain, You plc should consider strengthening its commitments to labor policies and labor rights.

This includes ensuring that their supply chain partners comply with these standards, which is critical for long-term sustainability and performance. Taking these steps can not only enhance their operational efficiency but also reinforce their corporate social responsibility and create a positive impact within the global market.