Answer to Question #221144 in Management for Thandi

Question

Provide an examination of the factors that the managers of US retail companies had to take into consideration upon making a decision on the adoption of Supply Chain Information Technology. 

Answer 1

 Important Supply Chain Metrics.

Organizations must consider how different tax codes will affect operations, so business leaders should consider using supply chain management systems and monitoring a variety of metrics.

Percentage of Inventory and Electronic Data Capture

Inventory tracking methods for perishable inventory, such as those used by hospitals or food companies, are critical for effective inventory management. Expiring products can be costly in terms of both money and time. These expenses are borne primarily by the provider.

 Industry Standards

The tracking of unique product identifiers is, as always, one of the most valuable metrics for material handlers in regulated industries. Not only SKUs, but also lot and serial numbers, among other things. It is critical for regulatory compliance to be able to monitor these as components or ingredients are used in the manufacturing process.

Human Supply Chains

Supply chain companies are becoming more aware than ever of the critical importance of investing in human-centric technologies. Without organizational support, essential workforces can only do so much. People-augmentation technologies, such as mobile software, can alleviate the burden on overworked frontline employees, reducing turnover and absenteeism.