FM 262 Lecture Notes - Lecture 10: Cross-Docking, Radio-Frequency Identification, Toaster

• School: FIT
• Department: Fashion Business Management
• Course: FM 262
• Professor: Suzanne Piazza

Document Summary

Integration of suppliers, manufactures, warehouses, stores and transportation intermediaries into a seamless value chain. Logistics the science of moving merchandise. Minimization of system wide costs, while satisfying the service levels their customers require. Opportunity to increase sales by making sure the right merchandise is in the right place at the right time: fewer stock-outs, greater assortment with less inventory. Opportunity to reduce costs: transportation cost, inventory costs. Shorter cycle time from design to production to delivery to stores. Timely information from store mangers with handheld devices to the corporate. Shorter lead time own production in close proximity, efficient logistics, premium. Wal-mart"s success is from its information and supply chain management systems. Why are competitor"s lagging behind: made a substantial investment in developing its systems and has the scale transportation, frequent delivery. Strategic advantage: wal-mart economies: through experience and learning, changes are always made to improve the system.