Operations management is one of the most critical functions in organizations. It involves managing the people, systems or processes that create goods or services in the organization. It organizes and controls these activities to ensure value to customers. Operations management recognizes the need to improve areas such as creating customer value, reducing the cost of operations, and increasing the return on assets. Operations management also deals with the design and improvement of the organization.
Identify how a local company that is expanding globally can benefit from RFID, 3PLs, and 4PLs
Logistics service providers are important, and this is enhanced by increased globalization. RFID, 3PLs and 4PLs improve and simplify the logistic processes. Every country has its own logistic system, and these providers make it easier for business to expand globally. The 4PL focuses on the entire supply chain of the business. The company does not have to worry about interruptions in supply. The RFID benefits the company in different ways, as it also collects data. The company benefits from using the logistic providers because of enhanced efficiency in the services it provides. The providers look for the best logistic suppliers, something that the local company would not be able to do without the assistance of these providers. The service companies know that they have to deliver the best to their clients because the company’s success determines their success. They help in procurement, planning, coordination and in synchronizing the supply chain. They are also important in managing trade duty (Rushton & Walker, 2007). The logistic providers would assist the company in using technology for its processes, thus simplifying the work that the company has to do.