Innovative Products Of Supply Chain Management - 2241 Words

Innovative products in supply chain management have a very high uncertainty life span in terms of demand from consumers. Not only is the uncertainty of demand an important factor, it is also important for companies to understand how and when to share information with partners and customers along the supply chain in order to please the consumers demand, and stay two steps ahead of demand uncertainty. Innovative products also have higher cost, and they are very difficult to forecast. Although, it is not an easy process, it can very well be done. The main concern is consistent communication and hard work from Distribution Center (DC) management, Supply Chain managers and directors, operation managers, etc. Furthermore, maintaining a high-quality communication through the supply chain will improve and control logistics costs, and will definitely make the supply chain more competent. Companies that create and manufacture innovative products such as Hewlett-Packard (HP) have to deal with attacking tough supply chain management challenges on a daily basis in order to remain top competitors within their industries. Hewlett-Packard is one of the well known companies in building high tech computers and peripherals products. HP was founded in Palo Alto, California in 1939 by William Hewlett and David Packard. The company started off as an electronic testing and measurement equipment company, and then they moved on to building computers. HP has six product groups, and they areShow MoreRelatedReview on Article - What Is the Right Supply Chain for Your Products1505 Words   |  7 PagesWhat Is the Right Supply Chain for Your Product ? Article by Marshall L.Fisher INTRODUCTION †¢ Marshall L.Fisher is the Stephen J.Heyman Professor of Operations and Information Management and co-director of the Fishman-Davidson Center for Service and Operations Management at the University of Pennsylvania’s Wharton School in Philadelphia. †¢ His current research focuses on how to manage the supply of products with hard-to –predict demand. Devising the Ideal Supply-Chain Strategy †¢ According toRead MoreRunning Head : Apple Inc.1637 Words   |  7 Pagesoffers personal communication devices and the solutions to the related software,. The products produced by Apple Inc. include; iPhone, iPad, Mac, Apple Television, iPod, software applications, the iOS and OSX operating systems, iCloud, and many different accessories and the support offerings. Apple Inc. is also a supplier of digital content and applications via the services and support offerings. 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