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The Internet of Things (IoT) forecasts that billions of sensors will be connected to the internet and that this information
needs to be collected. The use of IoT in retail industry is tightly connected to Global Positioning System (GPS) and Radio
Frequency Identification (RFID) technologies that help brands track products through the entire supply chain process.
Discuss any five applications of IoT used in the retail industry.
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- MINICASE: FEDERAL EXPRESS Federal Express provides an excellent example of an organization (and an entrepreneur) that opened up an unrealized market opportunity and began a new industry. It has been claimed that the ‘greatest business opportunities arise when you spot things your customer didn’t have a clue they needed until you offered it to them.’ The idea behind FedEx is simple. It is to provide a speedy and reliable national and international ‘overnight’ courier service for letters and parcels based upon air cargo. FedEx rightly claim to have invented the concept of overnight delivery, creating a whole new market where previously there was none. The company had a peripheral but significant role in the film Castaway, which featured Tom Hanks as a FedEx manager who survived the crash of a FedEx airplane only to spend several years marooned on a desert island. He held on to one of the packages from the plane and finally succeeded in delivering it. FedEx is, however, unusual in a…I need an urgent and non plagiarized answer for this. Answer the following in detail: — Discuss what is supply chain? — Explain the importance of supply chain inorganization.Search the meaning of a “closed supply chain”. What does it mean? Why it is important for the companies to close their supply chain? Explain how Amazon structures the flow of product, information, and funds to meet customer needs in the most cost-effective manner? (Hint: consider returned items, too). Explain how Costco business model is different from Stop and Shop business model in terms of the supply chain surplus.
- Supply chain management is less about managing the physical movement of goods and more about managing information. expline the implications of this statement.Supply chain management is the management of the flow of goods and services between businesses as well as locations and includes the movement and storage of materials, inventory, and finished goods from their origin to their destination. It also involves the streamlining of the business’s activities in order to maximize customer value and gain a competitive advantage. Given this definition and explanation, describe what the supply chain of your organization looks like. How does your understanding of, as well as the physical mapping of your supply chain,help you to gain the knowledge necessary to maximize your customer value and gain a competitive advantage within your industry?Supply chain management is less about managing the physical movement of goods and more about managing information. explin the implications of this statement.
- How can a supply chain management student benefit the organization or company? Also, provide examples please.Privacy advocates criticize the use of RFID, as it allows better tracking of purchasing habits. How can brick-and-mortar retailers alleviate these concerns?Can a small sari-sari store benefit from supply chain management? Why?
- Please do not give solution in image format thanku Profitsfor the company can rocket upward if it achieves sufficient savings in supply chain costs. This is important given the broad scope of the supply chain, which extends beyond the company to include both suppliers and customers. A systematic approach is also important because of the variable requirements supply chain managers must manage. With reference to this information, Examine the influence of systems analysis towards effective identification of organizational goals and purposes. Provide real life examples to support your discussion.The earnings of the organization can be considerably impacted by buyers and supply chain management. Anorganization may spend up to 50% of its sales revenue on the acquisition of goods and services, including rawmaterials. You are employed as a purchasing director at Food Lovers (Fresh fruit and vegetables supermarket - chain stores). Please answer the below based on the above statement. Question: Transportation helps people in those various locations to trade and conduct business with one another by moving people and things to different neighborhoods, cities, states, and countries. Examine any (5) factors that Food Lovers (Fresh fruit and vegetables supermarket - chain stores) should consider when selecting mode of shipment, carrier and routing. Use relevant examples to support your answer.The Walmart retail chain sells standardized items and enjoys great purchasing clout with its suppliers, none of which it owns. The Limited retail chain sells fashion goods and owns Mast Industries, which is responsible for producing many of the items sold in The Limited stores. The Limited boasts that it can go from the concept for a new garment to the store shelf in 1,000 hours. Compare and contrast the implications for supply chain design for these two retail systems.