Information and Communication Technology Strategic Impact on Supply Chain Management

Where evidence suggests that challenges that companies face at integration stages will not transform into benefits over the night. Range of ICTs are available across the market and requires making timely educated decisions that are supported by data. Such systems as ERP which avails real live data to manage the business processes via effective platforms, where EDI allows business communicating information electronically across distant regions, and CAD supports the creation of improved designs and database modification of products for manufacturing purposes. ICTs are driven by information that provides opportunities to establish a competitive advantage in the competing industries. The main concerns arise in terms of integration, suitability and overall value of ICTs. However, opinions vary from one research to another as evidence suggests it is a matter of utilisation of the ICT rather than cost. The high initial price tag that deflects companies also drives the increase in agility in smaller enterprises. However, it was uncovered that an investment into the upgrade of systems pays off but will depend on the strategic utilisation. ICTs are the future platforms that inevitably marches ahead and changes businesses, markets and industries. Technology allows us to collect even more data and subsequentially transform this data into knowledge that builds strong learning fundamentals and stimulating systems to unveil even more benefits.…