Research and Analysis on Corporate Inventory Management Issues under the Epidemic - A Case Study of 3M Company
- DOI
- 10.2991/aebmr.k.220603.184How to use a DOI?
- Keywords
- Supply Chain Management; Analysis Models; Inventory Management Issues; Solutions; Epidemic
- Abstract
From the beginning of 2020 to the present, Covid-19 has been spreading around the world, continuously destroying the global economy and people’s health. At the beginning of the Covid-19 outbreak, the global mask market was in short supply, and 3M, the world’s leading mask manufacturer, expected to expand its production capacity in the midst of Covid-19. However, due to the impact of the supply chain management and the rising costs of raw materials and labor forces, 3M was unable to expand its production capacity in time. This paper studies the supply chain management of 3M, finds out the problems, and proposes corresponding countermeasures to improve the supply chain management of 3M, so as to help the company better achieve its strategic goals and gain more profits. It is found that supply chain management is a key source of competitive advantage and a powerful tool to boost performance. In the grand scheme of things, a methodical approach to supply chain optimization is both scientific and necessary. By optimising the supply chain, 3M has been able to improve customer satisfaction while lowering costs and increasing the efficiency of the entire system from the procurement of raw materials and components to the manufacture, distribution, and delivery to end users. The supply chain optimization and improvement programme at 3M are meant to increase customer satisfaction while lowering overall costs and increasing the efficiency of each company in the supply chain.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - Xuankai Wu PY - 2022 DA - 2022/07/01 TI - Research and Analysis on Corporate Inventory Management Issues under the Epidemic - A Case Study of 3M Company BT - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022) PB - Atlantis Press SP - 1141 EP - 1145 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220603.184 DO - 10.2991/aebmr.k.220603.184 ID - Wu2022 ER -