At sites where both planning and execution modules are stand-alone implementations, neither deliver enough benefit because there are almost always manual connections and processes between these two crucial supply chain management (SCM) areas. Yet, planning and execution in the supply chain are slowly but surely converging because no plan is useful if it cannot be executed.
finance for managers tutorial
engineering, sales, marketing, and finance. For example, there is the need to drive suppliers and sourcing initiatives as far back into the design process as possible to ensure the lowest possible cost and the highest possible quality and delivery performance. Hence, product lifecycle management (PLM) and customer relationship management (CRM) are now a part of the supply chain equation, as are operational functions like procurement, supplier performance, spend management, and contract management. In