| A supply chain is also called a logistics network. It is | | | | of raw materials, inventory of supplies, and the |
| referred to as the system of organizations and | | | | logistics of the goods from the point-of-origin to the |
| personalities, people, technology, methodologies, | | | | point-of-consumption. |
| processes, activities, information, and resources that | | | | This management process can be very complicated |
| are involved in the transportation of a given product | | | | and confusing. A slight error in management and |
| or service from the supplier to the end customer or | | | | judgment may cause a substantial damage in the |
| consumer. Monitoring this activity is a very tiring | | | | production and logistics process that may or may not |
| process. Fortunately, in using MS Excel, supply chain | | | | be reversible. In any case, it will be the end consumer |
| management becomes much easier for any | | | | and customer who will be deprived of the promised |
| employee in the workforce. | | | | product or service and the business will ultimately |
| The activities of a supply chain involve the | | | | suffer. |
| transformation of natural resources, raw materials, | | | | Using software applications, such as Microsoft Excel, |
| and additional components into the finished product. | | | | for example, will help in the management of the |
| This finished product is the very thing that will be | | | | supply chain. MS Excel, after all, is an example of |
| delivered to the end customer or consumer. In the | | | | business-oriented software and can be used to keep |
| more sophisticated supply chain systems, there is the | | | | tabs on every aspect of production. MS Excel is |
| possibility for used products to be integrated into the | | | | actually a virtual worksheet, composed of rows and |
| supply chain at any point of the chain where there is | | | | columns where commands can be pre-programmed in |
| a potential for the same to be recycled as residual | | | | order to perform an automatic command. It sort of |
| value. | | | | allows the user to program a worksheet as an |
| Supply chains, whether simple, as in small local | | | | assistant to make computations, conclusions, and |
| businesses, or the most sophisticated, as in large | | | | recommendations for the reference of the user. This |
| businesses operating on a global scale, are always in | | | | way, every activity is well monitored and the margin |
| need of management. Supply chain management is | | | | of error is greatly reduced, if not totally removed. |
| the activity involving the management of a large or | | | | MS Excel is an all-around software application that can |
| small network of businesses that are interconnected | | | | accomplish just about anything pertaining to business |
| and involved in the production of raw materials and | | | | functions for as long as the user knows how to do it. |
| components, its transportation and processing, and | | | | Thus, it would bode well for the business to invest in |
| the production of the product or service that will be | | | | a crash course because in the use of MS Excel, |
| delivered to consumers and customers. As a | | | | supply chain management is made easier, less |
| complicated process, supply chain management | | | | complicated, and more efficient for the benefit of |
| covers the monitoring and management of all aspects | | | | the business. |
| of production, including the movement and storage | | | | |