TY - GEN
T1 - A manufacturing supply chain business model and its implementation in a plastics manufacturing company
AU - Chu, Ka Fu
AU - Cheung, Chi Fai
PY - 2006/12/1
Y1 - 2006/12/1
N2 - Effective inventory management strategies and their efficient implementation are recognized as important elements in a manufacturer's business model. The targets are reduction of the level and value of inventory maintained, high speed in transforming them to orders delivered to customers and flexibility in dealing with demand changes. This paper proposes a business model for inventory management in a Hong Kong plastic products manufacturing company with production facilities located in the mainland. It shows how E-business technology applications have opened up the horizon for realization of such a business model. A supply chain strategy based on mutual trust and inventory information visibility is essential in the implementation of such a business model. The model has been found to be valid and feasible. The benefits attainable to parties in the supply chain are evaluated. It is proposed that the model can also be applied successfully for similar benefits in other companies.
AB - Effective inventory management strategies and their efficient implementation are recognized as important elements in a manufacturer's business model. The targets are reduction of the level and value of inventory maintained, high speed in transforming them to orders delivered to customers and flexibility in dealing with demand changes. This paper proposes a business model for inventory management in a Hong Kong plastic products manufacturing company with production facilities located in the mainland. It shows how E-business technology applications have opened up the horizon for realization of such a business model. A supply chain strategy based on mutual trust and inventory information visibility is essential in the implementation of such a business model. The model has been found to be valid and feasible. The benefits attainable to parties in the supply chain are evaluated. It is proposed that the model can also be applied successfully for similar benefits in other companies.
KW - Interactive supply chain
KW - Inventory information visibility
KW - Inventory management strategy
KW - Manufacturing supply chain business model
KW - Supplier managed inventory
UR - http://www.scopus.com/inward/record.url?scp=38949114287&partnerID=8YFLogxK
M3 - Conference article published in proceeding or book
SN - 0878494219
SN - 9780878494217
T3 - Materials Science Forum
SP - 1096
EP - 1099
BT - Advances in Materials Manufacturing Science and Technology II - Selected Papers from the 12th International Manufacturing Conference in China
T2 - 12th International Manufacturing Conference in China, IMCC2006
Y2 - 21 September 2006 through 23 September 2006
ER -