6 Ways To Ensure Your Company Has True Supply Chain Execution Convergence
Computer technology in the 1970s and 1980s made it possible for just-in-time production systems to shift the location of materials storage from the producer’s factory to the vendor’s warehouse. The cash tied up in such inventories shifted, in many cases, from the producer to the vendor, enforcing cost discipline all the way through the supply chain.
Now advances in information technology are moving the location of inventoried materials – and even of finished products – once again. This time it’s the explosion of mobile smart computing devices – smartphones and tablet computers – driving the big changes. And it is expanding the concept of the “warehouse” past the loading dock threshold to the streets and highways. Increasingly, the warehouse now has wheels. Transportation no longer is a distinct operation from the warehouse. Together, they are evolving into an integrated, or converged, logistical operation.
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