This preview shows page 1. Sign up to view the full content.
Unformatted text preview: lower cost to meet the JIT needs of the downstream partner (Wang, 2010). Technology is vital to the success or failure of a supply chain. In conclusion, one of the main reasons supply chains are unsuccessful, is due to management not devoting the necessary time required. When management is overworked or understaffed, they are unable to devote adequate time to their business supply chain. Supply chains must be evaluated and changes must be made to accommodate the ever changing business environment. If not, the supply chain becomes obsolete. However, companys need to take a look at Wal-Mart to understand why JIT and supply chain management is so important and how it can really make a difference in the bottom line. Wang, I. (2010). The application of third party logistics to implement the Just-In-Time system with minimum cost under a global environment. Expert Systems with Applications , 37 (3), 2117-2123. doi:10.1016/j.eswa.2009.07.030....
View Full Document
- Spring '08
- Financial Accounting