It must the compare it with the returns the company is earning without going for the proposal. The new vessels required for the project will increase the transportation time. Great lakes Carriers must consider the increasing international oil prices and its potential implications on the company's costs.
Supply Chain Considerations
There are a few supply chain issues that are important to be taken into consideration. It is important that Great Lakes Carriers consider the fact that the new proposal will increase the transportation time in many cases as compared to other alternatives such as rail and road. The company will have to see that how many clients will agree to trade off lower transportation time and costs with increased benefits of RFID. This is important because in many cases, businesses want their goods to be transported in minimum possible time and increased transportation time will make them reschedule their stocking timelines.
Recommendations
RFID technology has significant applications for transportation and logistics business. It increases the handling and shipping efficiency of cargo. Lost and damage threats can also...
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