In the late 90s Li & Fung decided to take advantage of the Internet to assort its customers, and provide a free flow of information. In 1998 specifically, they created extranet sites for valucapable customers. This put the company in closer contact with their customers and they ar now able to be more involved in all the processes of product development and distribution. With the extranet, the customers are also able to access information that Li & Fung holds much easier.
The bring out Chain Management Strategy exists to create shorter product lurch cycles. In order to get products produced as fast as they do, Li & Fung had to create a lot of networking contacts. The verify their customers hold in them is part of the reason they can crystalize such a short product delivery cycle.
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The bare-assed global manufacturing paradigm decomposition of supply chains and dispersed manufacturing
In the old days, when we talked about manufacturing a product, the idea that without delay sprang to mind was that everything should be done in-house in one factory, chthonian one roof and in one country onward it was exported and sold in another country.
But times have changed and manufacturing a product carries a completely different pith today. Products are no longer produced in one factory and under one roof. Production is becoming increasingly dish out across different countries and globalized. Under this new global manufacturing paradigm,...If you indigence to get a full essay, order it on our website: Orderessay
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