Physics International

The Influence of Information Sharing on Supply Chain Management

Chiang Wang

DOI : 10.3844/pisp.2010.83.89

Physics International

Volume 1, Issue 2

Pages 83-89

Abstract

Problem statement: Implementing information sharing and coordination can enhance the performance of supply chain management, such as a short response time, minimum cost, low inventory and joint production and transportation. Approach: Through information sharing among all supply chain members, stable long-term relationships can be established and maintained. Results: This study uses a quantitative cost model to identify the interaction among the supply chain members and to analyze the benefits of implementing information sharing. Conclusion: Through the joint procurement, production and transportation that is made possible under information sharing, the total cost of supply chain collaboration can be optimized for better supply chain management. Moreover, a successful supply chain management system with effective strategies can also be facilitated.

Copyright

© 2010 Chiang Wang. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.