Companies in a particular supply chain can work together to eliminate costs from the supply chain. In many cases, these cost savings are not shared evenly among the companies in the supply chain. Using research resources on the Web or in your library, identify an industry in which savings are not shared equally. In two or three paragraphs, explain why some supply chain participants in your chosen industry can obtain more benefit than others from cost reductions in the supply chain.
Question 2
A number of standard-setting organizations offer memberships to business firms. You are working for Grace Henry, chief information officer (CIO) of Flex-Electric, a midsize company that manufactures components for electronic medical and laboratory instruments. Flex-Electric uses EDI to process transactions with both its vendors (purchases) and customers (sales). The company is also exploring ways in which it might use RFID tags to track its inventories. Grace asks you to learn more about the international supply chain standard setting organization, GS1. Prepare a memo to Grace of about 300 words in which you outline the purposes of the organization and identify how it might be useful to Flex-Electric. In your memo, identify at least one other standard-setting organization that might be useful to Flex-Electrics RFID tag initiative.
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