Solving supply chain problems
Since supply chain problems cost companies a lot, organizations are looking for new solutions to solve this problem. We are going to explore some possible solutions for solving supply chain problems (many of which are supported by IT).
Using inventory to solve supply chain problems.
Undoubtedly, the most common solution used by various companies to solve supply chain problems is keeping inventory as an insurance against uncertainties in the supply chain. The main form of this attitude is the difficulty of determining the appropriate amount of inventory for different products and parts. If the level of inventory is considered high, the cost of maintaining the inventory becomes heavy. High inventory in the warehouse at different points of the supply chain can lead to a bullwhip effect. Naturally, if the inventory level is considered low, there will be no guarantee against high demand or slow shipping, and this may cause loss of revenue (and customers). In both cases, the total cost will include the cost of holding inventory, the cost of lost sales opportunities, and the cost of notoriety.
Sharing information
A suitable solution to improve demand forecasting is to share information along the supply chain. use
From EDI, external networks and groupware technologies, as a part of internal information systems, facilitates information sharing. to a supply chain resulting from information sharing, often a unified supply chain
Inter organizational information systems
It is said
One of the most critical cases of information sharing is between the manufacturer and the retailer. For example, Walmart sends the daily sales information of all P&G items in its stores to this manufacturer. In this way, P&G can manage the delivery time of products to Walmart stores. That is, by controlling the inventory level, P&G will know when the inventory of each product in each Walmart store has fallen below the desired and sufficient level. This sharing of information between Walmart and P&G is done automatically. This is part of the inventory management strategy by the seller or
It is the same Vendor-Managed Inventory. In fact, P&G has such agreements with other retailers.
The advantage of this strategy for P&G is accurate and timely demand information. In this way, P&G can plan production more accurately and reduce the whiplash effect. That is why a final supply system came
Created web-based Vendor-Managed Inventory, which replaced 4,000 different relationships with suppliers and retailers, reducing costs.
The VMI system is an example of collaboration throughout the supply chain.
Of course, by using
They make it easier to share information from Radio Frequency Identification. RFID or radio frequency identification is one of the most revolutionary solutions available to solve supply chain problems. That is, they install a coded RFID label on each item of the product, and based on this, they find the entire information system from the inventory level and automatically send the product to the retailer (we will definitely address it once).
continues
Sincere
@startup_30T
This post is written by Rimaazz1