3M Corporation is developing a RFID (Radio Frequency Identification) Tracking system which enables firms to locate, track and check out any of its products. This tracking system consists of a RFID tracking tag (or a pad), a RFID hand-held tracker and corresponding RFID tracking software. 3 M will involve its supply chain while manufacturing this product and estimates the product life cycle of this tracking system is between 6 months to one year. Describe the supply chain strategy that should be adopted by 3M while manufacturing this component. Indicate the various strategic decisions (e.g. inventory, forecasting software, supplier selection etc.) that should be taken into consideration.