Advanced technologies organization cooperation top

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Chapter 11 / Exercise 10
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Advanced technologies. Organization Cooperation. Top management support. Resource sharing and allocation. Data Management. Organizational integration. Supply chain performance. Responsiveness. Agility. Flexibility.
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Chapter 11 / Exercise 10
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stock turn over , market share, investment expenditure and customer satisfaction (loppacher 2010). RFID technology has opened the door to a new era in SCM, unachievable using the bar code technology. Many businesses have invested heavily in legacy barcode systems. There is a preference to use a role such as checking and scanning incoming inventory thus contributing to the overall performance of supply chain. Simon Langford believes that RFID is all about total supply chain visibility. Real time information can be obtained which is useful in meeting customer demands and market trends, improving the ability to have the right product in the right place at the right time (Donoghue 2010) 2.3.2 Cost control . It’s a set of cost accounting methods and management techniques with the goal of improving business cost efficiency by reducing costs or at least restricting their taste of growth (cashin 2006). Cost strategies are seen as necessary to preserve or boost corporate profits and to maintain or gain a competitive advantage. The emphasis of being the low-cost producer in a given industry allows companies to take a greater profit per unit of sales than its competitors at a given price. Strategic cost-cutting must be planned carefully, as not all cost reduction techniques yield the same benefits (Albert Dunlap). In logistics; consistently reducing and optimizing costs without increasing logistics risk can only be achieved by intelligently combining industry-specific analytics frameworks, the right technology tools and logistics processes engineered for effectiveness as well as greater efficiency Consistently reducing and optimizing costs without increasing logistics risk can only be achieved by intelligently combining industry-specific analytics frameworks, the right technology tools and 19
logistics processes engineered for effectiveness as well as greater efficiency (Suresh Iyer and Advait Rahalkar, Genpact, 2010). RFID technology ensures that each system has unique reference so that duplication does not occur and that when an item is deleted the number is not used again (linden 2009).RFID systems lead to reduction in an organizational production lead time (O’Connor 2006).Chae (2009) recommends that performance should be frequently monitored by the top and middle managers within two years both primary and secondary metrics. Cost has been found to be a significant inhibitor to RFID adoption due to increased cost of installation of hardware and software and also partner integration is difficult and expensive(Premkumar et al 2005). According to RVB theory, competitive advantage can be attained if the current strategy is value-creating, and not currently being implemented by present or possible future competitors (Hilt 2011). All these can be achieved through cost reduction.

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