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Innovative Quick Response Programs in Logistics and Supply Chain Management

by Tsan-Ming Choi T. C. Cheng

Quick Response (QR) policy is a market-driven business strategy in which supply chain members work together to react quickly to volatile market demand. Nowadays, with advances in information technologies (such as RFID and ERP systems), new challenges and opportunities arise for the application of QR. This handbook explores QR extensively with a view to discovering innovative QR measures that can help tackle the observed and emerging challenges. The book is organized into four parts, which include chapters on analytical modeling and analyses, information technologies, cases, reviews, and applications. This handbook provides new analytical and empirical results with valuable insights, which will not only help supply chain agents to better understand the latest applications of QR in business, but also help practitioners and researchers to know how to improve the effectiveness of QR using innovative methods.

Postponement Strategies in Supply Chain Management

by T. C. Cheng C. L. Wan Jian Li Shouyang Wang

Within supply chain management (SCM), postponement is a deliberate action to delay final manufacturing or distribution of a product until receipt of a customer order. This reduces the incidence of wrong manufacturing or incorrect inventory deployment. Postponement strategies and practices serve to reduce the anticipatory risk in a supply chain. It can be fine-tuned or staged so that only the generic parts shared by a firm's various end products are warehoused, used only once orders come in for whichever products are selling, and will reduce inventory pressures throughout the firm. Despite much existing research in the area, no one book devoted solely to postponement has been published. At its core, Postponement Strategies in Supply Chain Management analyzes how both pull postponement strategy and form postponement strategy can be leveraged to yield substantial benefits to adopting firms in different competitive environments. The book is intended for researchers in supply chain management interested in conducting in-depth studies on postponement strategies. It is also intended for practitioners trying to understand the workings of postponement strategies and looking for guidance and decision support for the implementation of postponement strategies. Therefore, the book can be useful not only for researchers but also for practitioners and graduate students in operations management, management science, and business administration.

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