{"id":4174,"date":"2023-03-02T20:49:29","date_gmt":"2023-03-03T01:49:29","guid":{"rendered":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/?p=4174"},"modified":"2023-03-02T20:49:29","modified_gmt":"2023-03-03T01:49:29","slug":"3b-supply-chain","status":"publish","type":"post","link":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/2023\/03\/02\/3b-supply-chain\/","title":{"rendered":"3b- Supply Chain"},"content":{"rendered":"<p>Supply chain management is defined as the management of the flow of goods and services. It includes all the processes raw materials have to go through resulting in a final product. Supply chain management is incredibly crucial to businesses because it allows businesses to supply a product based on meeting the market demand. It decreases excess inventory and ultimately saves companies lots of money. Supply chains, however, are incredibly fragile for numerous reasons. A big reason, which we are seeing a lot of recently, are global shortages in lots are parts businesses need to build\/ make their products. On top of that, supply chains are very sensitive to market changes, especially with inflation. Other variable causing supply chains to be considered &#8220;fragile&#8221; include (but are not limited to) factory closures, raising costs of importing and\/or exporting, long wait times for deliveries, political issues, and so much more. As it relates to supply chain management, companies utilize RFID which stand for radio-frequency identification. RFID is incredibly benefificial for comapnies because it helps to improve inventory accuracy, provides data with asset management, company processes, and manufacturing equiptment. By giving companies a visual of their supply chain systen, it decreseases losses.\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-4207\" src=\"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/files\/2023\/03\/Screen-Shot-2023-03-02-at-8.48.56-PM-300x224.png\" alt=\"\" width=\"343\" height=\"256\" srcset=\"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/files\/2023\/03\/Screen-Shot-2023-03-02-at-8.48.56-PM-300x224.png 300w, https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/files\/2023\/03\/Screen-Shot-2023-03-02-at-8.48.56-PM-1024x765.png 1024w, https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/files\/2023\/03\/Screen-Shot-2023-03-02-at-8.48.56-PM-768x573.png 768w, https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/files\/2023\/03\/Screen-Shot-2023-03-02-at-8.48.56-PM.png 1050w\" sizes=\"auto, (max-width: 343px) 100vw, 343px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supply chain management is defined as the management of the flow of goods and services. It includes all the processes raw materials have to go through resulting in a final product. Supply chain management is incredibly crucial to businesses because it allows businesses to supply a product based on meeting the market demand. It decreases [&hellip;]<\/p>\n","protected":false},"author":28888,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[663943],"tags":[],"class_list":{"0":"post-4174","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-instructor","7":"entry"},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/posts\/4174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/users\/28888"}],"replies":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/comments?post=4174"}],"version-history":[{"count":1,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/posts\/4174\/revisions"}],"predecessor-version":[{"id":4209,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/posts\/4174\/revisions\/4209"}],"wp:attachment":[{"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/media?parent=4174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/categories?post=4174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/tags?post=4174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}