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