Archive for the ‘Supply Chain Management’ Category
Virtually every product that you can buy in a traditional retail setting has a bar code, writes Peter Suciu on allbusiness.com.
Developed after World War II to read product information at checkout, bar codes are now also used as a means of controlling stock and helping with inventory. The first bar codes were actually data represented in widths of parallel lines.
Today, newer versions have graduated from a simple series of machine-readable lines to instead include squares, dots, hexagons, and other geometric patterns that still remain a 2-D matrix of codes or symbologies.
At its core, supply chain management is the oversight of materials, information and finances and the coordination and integration of flow within and among companies. While a relatively new and still somewhat unsophisticated concept within the construction industry, the process was formalised in the 1980s and has been entrenched in the manufacturing sector for nearly three decades.
Perhaps the best way to illustrate the need for Construction Supply Chain Management (CSCM) is to first cite an example of an especially messy project aftermath. The result is an epic battle between MGM Properties and Dubai World, the owners of the new CityCenter in Las Vegas, NV; and Perini Building Company, the primary contractor on the job. In late March, the simmering dispute erupted into a full-blown legal confrontation with nearly a half-billion dollars up for grabs.
Barcodes have influenced almost every aspect of Supply Chain Management. The use of barcodes makes business integration processes in supply chain management simpler and more efficient. Barcodes are an effective identification tool that helps track products and greatly reduce errors. Barcode technology has a range of advantages such as being affordable, easy to handle, and accurate. These advantages make barcodes widely used in supply chain management and accepted across the world.