A new world order is taking shape for the vital supply chains that supply most of the goods we use every day. Companies, especially technology ones, are questioning the legitimacy of the past 50 years of globalization. Its fundamentals include always looking for the lowest cost manufacturer, no matter the distance, and never carrying excess inventory or parts. Modern supply…
As the production and distribution enterprises move further away from the end customer, the signal of demand arising in the market will be at greater risk of deviation. At some point, this deviation can be up to 3 to 5 times the original demand. And when demand is returned incorrectly, the supply chain will be negatively impacted, the cause of…
As a company expands its operations, its supply chain naturally grows right along with it. The processes become more complex, which in turn stresses the importance of accuracy at each link in the supply chain. This is where RFID technology comes into play. This technology is especially suited for goods circulation and tracking. For a supply chain, the RFID technology…
