Lp08 Assignment: Virtual Supply Chains

Virtual Supply ChainsNameInstitutional influentialArticle 1Virtual supply chain refers to the e-commerce systems created to address the transparency needs in the supply chain of companies (Helo, Shamsuzzoha, & Sandhu, 2016). According to the authors, the virtual supply chain consists of tools that aid in managing information related to sourcing activities, planning activities, production activities, and delivering activities. The virtual supply chain functions by enabling companies to share real time information along the supply chain network using the Information Technology (IT). The advantage of virtual supply chain is that it provides a serene environment in which a company can develop a multi-company hub for ease of managing the real supply chain (Helo, Shamsuzzoha, & Sandhu, 2016). Despite its importance, virtual supply chain is complex because standardization and domain specific requirements. Additionally, its dependency on internet connection creates a cyber security challenge. Regardless of these issues, virtual supply chain enables companies to quickly meet the needs of the customers by swiftly making requests for supply of specific products and resources (Helo, Shamsuzzoha, & Sandhu, 2016). Article 2Virtual supply chain refers to