Affiliation:
1. Manav Rachna International Institute of Research and Studies, India
Abstract
Greater internet penetration and ecommerce has led to demand for personalized product development and faster fulfilment. This has increased global competition wherein the manufacturer and retailers not only have to deal with an unprecedented number and variety of products but also makes forecasting and scheduling difficult. To address these problems, rapid response logistics has become a necessity. The current study discusses the role of such rapid response systems and various implementation strategies in both the demand and supply side of supply chains that can be the solutions to the dynamic business environment. It discusses the information sharing technologies based on different level of sophistication which are used by the different echeloned supply chains. The paper reviews the important literature in these aspects and brings forth the challenges of the rapid response systems and the new directions of research which needs to be undertaken to gauge the real potential of rapid response systems.
Subject
Multidisciplinary,General Engineering,General Business, Management and Accounting,General Computer Science
Cited by
2 articles.
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1. Supply Chain Schedule Management with Genetic Algorithm;2023 International Conference on Evolutionary Algorithms and Soft Computing Techniques (EASCT);2023-10-20
2. Using Artificial Intelligence for Retail Value Chain;International Journal of Service Science, Management, Engineering, and Technology;2023-09-08