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Essay / Research Paper Abstract
This 5-page paper discusses improvements in supply chain management, with special focus on technology and the Internet. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: AS43_MTsuplchai.doc
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1) Products are scheduled for production based on warehouse orders. 2) Warehouse orders are placed based on anticipated orders
from retailers. 3) Retailers place their orders based on sales forecasts. 4) Trucks are used to
move product from the plant, to the warehouse, to the retail store. As can be expected, this particular supply chain method isnt too
successful. Forecasts can be wrong as can product inventory count. Transport delays can also occur, as can changes in production schedule. How, then, should this manufacturer improve its supply chain
dynamics? To answer this question, we turn to Wal-Mart Stores, Inc., which arguably boasts one of the strongest and most effective supply chains
in the world. It does this through economies of scale (which allows for overhead costs to be distributed across a wider footprint); a willingness to invest in proprietary knowledge and
processes to improve qualities and drive costs out of the business and a willingness to work with all parts of the supply chain (Ehring, 2006). A good example of
this is Wal-Marts relationship with Procter & Gamble, which went from an adversarial one into a cooperative one. These two companies ended up cooperating by improving billing efficiencies, integrating point-of-service
information (i.e. actually demand) from the retailer with P&Gs data to determine why, how and what products were selling better than others and finally, by reducing product-ordering time by days
by using a cross-company systems integration known as the continuous replenishment process (Ehring, 2006). Furthermore, Wal-Marts implementation of radio-frequency identification to determine inventory
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