Operation Management

Supply chain management is one of the most important strategic aspects of any business enterprise. Decisions must be made about how to coordinate the production of goods and services, how and where to store inventory, whom to buy materials from and how to distribute them in the most cost-effective, timely manner. Figure 1 Consider a typical manufacturer. The supply chain is made up of many interrelated firms (Figure 1). There are parts suppliers, component suppliers and subassembly …

…Wal-Mart recently used some of its area stores for testing RFIDs, and the National RFID Center, located in Richardson, is studying many uses for RFIDs, with a big emphasis on homeland security. Conclusion Through better information engineering, supply chain improvements have resulted in a reduced bullwhip effect, lower inventory levels, reduced logistics costs, and streamlined payments. These improvements appear to have helped produce macroeconomic benefits such as more stable economic output and higher productivity growth