The Evaluation and Selection of Supply Chain Models for Short-Life-Cycle Products

Zhao, Xuenian; Zhou, Qiang; Pan, Xia

doi:10.5539/ijbm.v9n5p88

Cited by 2 publications

(2 citation statements)

References 18 publications

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“…Computerized automation and robotics in manufacturing, as well as the equilibrium effects of technological progress, have exhausted all the possibilities of gaining competitive advantage by achieving higher efficiency in manufacturing processes. Customers are now more demanding, and their needs are more distinctive, resulting in dramatic shortening of life cycles of almost all products and services, which is a problem for many businesses (Zhao, et al, 2014). Efficient strategies for managing space-time processes of transformations of goods, energy, information and knowledge, geared towards customers' needs or demands, provide advantage over competitors in global dynamic markets.…”

Section: Logistics Management -Creator and Realizer Of Dynamic Businementioning

confidence: 99%

Concept of Logistics Management: A Holistic Approach to Business Performance Management

Zekić¹

2018

IJBSS

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Rapid and extensive changes in all business environment segments, especially those changes that have occurred in the last 20 yearswith IT development, require shifts in the management paradigms or changing approach to business performance management. Traditional models focused on optimizing business performance by optimizing its subsystems do not yield fruitful results in dynamic environments. Logistics optimization of business dynamics in line with evolving business environment imposes itself as means to create adequate models for continuous business performance management. Dynamic optimization of business performance is the set of processes managed by implementing effective logistics management strategies, involving information, material and financial flows in incoming and outgoing communications with the environment, aimed at integrating and dynamizing all business subsystems in line with market demand. Business flexibility and adaptability are the fundamental control variables of the concept of logistics management and are the prerequisite for continuous business performance management in today's turbulent environment. Logistics management models seek to integrate success potentials, or the control variables-indicators of efficiency and effectiveness inbusiness performance, enabling managers to create simulation-based anticipatory management strategies aimed at dynamic optimization of business performance faced with discontinuous change in the business environment.

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Section: Logistics Management -Creator and Realizer Of Dynamic Businementioning

confidence: 99%

Concept of Logistics Management: A Holistic Approach to Business Performance Management

Zekić¹

2018

IJBSS

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“…This drives enterprises to adopt more effective supply chain management dealing with the short-life-cycle products. Furthermore, information and data analysis technology changes the way of doing business, assisting to lower the risk as well as improving the profits [1]. The definition of risk in business is the likelihood of future changes deviating from expectations and the degree of their impact on goals.…”

Section: Introductionmentioning

confidence: 99%

Risk Analysis and Supply Chain Management for Companies Short-Life-Cycle Products

2023

AEMPS

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When the supply chain operates in an uncertain environment, especially for fashion products with fast changing trends and short life cycles, matching supply and demand is the main task. This requires enterprises to have the ability to analyze risks and manage the supply chain. This paper is mainly about a case analysis of Sport Obermeyer who is confronting two core issues, Greater products variety and more intense competition have made accurate predictions increasingly difficult and How to allocate production between two suppliers. The key tool to solve these two problems is the Newsvendor Model. Following the principles of the model, the article first calculates the expected quantity and profits of each product. Afterwards, based on the comparison of the mismatch cost of each product, the article provides a preliminary decision. After analyzing the advantages and disadvantages of the suppliers, the article obtains the final result. This process demonstrates some ways on risk analysis and supply chain management and provides some new perspectives for the development of the enterprise and related research in the future.

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The Evaluation and Selection of Supply Chain Models for Short-Life-Cycle Products

Cited by 2 publications

References 18 publications

Concept of Logistics Management: A Holistic Approach to Business Performance Management

Concept of Logistics Management: A Holistic Approach to Business Performance Management

Risk Analysis and Supply Chain Management for Companies Short-Life-Cycle Products

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