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Essay / Research Paper Abstract
This 3 page paper looks at 3 different types of technology which may aid supply chain management in a retail organization. The basic technology and potential use of electronic data interchange (EDI), collaborative, planning, forecasting and replenishment (CPFR) and radio frequency identification (RFID) are all discussed with an explanation of how the technology may aid the fictitious firm ‘Feets’. The bibliography cites 4 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEFeetscomp.doc
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Unformatted sample text from the term paper:
collaborative, planning, forecasting and replenishment (CPFR) and radio frequency identification (RFID), may all have the potential to benefit the firm. Each will be looked at individually, with a brief explanation
of the technology and consideration of the way they may be used in the supply chain. Electronic data interchange (EDI) is a structured exchange of data using electronic means;
this may include the internet or intranet, but may be any electronic medium, such as computers connected by a telephone line (Chaffy, 2009). This is an older form of computer
technology and has been widely used in many industries. If Feets make use of EDI there are number ways in which it may be applied as it will facilitate the
use of data to be exchanged electronically internally across different departments or between the firm and suppliers. EDI may be used to transfer data regarding sales and stock levels to
the warehouse so that stock replenishment may be automatically assessed and arranged. The EDI may also be used between the firms warehouse and the third party logistics supplier in order
to arrange the deliveries to the different stores. This would allow the logistics to be arranged, and would also support the use of tracking data for the deliveries. This could
potentially increase efficiency as well as allow the firm to benefit from increased transparency. Collaborative, planning, forecasting and replenishment (CPFR) is a concept which aims to increase the overall
level of integration found in a supply chain (VICS, 2004). CFPR requires the buyer and the supplier to work together, sharing information regarding the inventory levels and location (VICS, 2004).
The introduction of this system with the cooperation of some of the suppliers may allow for a more effective supply chain which can be more responsive to customer demand, reducing
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