Designing a supply chain network to optimize profit is not simple. There are many complex interactions to consider. These include tradeoffs between: Price and quality Order quantity and discount Lead time and offshore sourcing Service levels and cost In ...
The supply chain network optimization software space has grown significantly over the last several years, as advanced analytics and digitization of supply chains have matured. As recently as five years ago, there was one major player in the network ...
The term supply chain management implies a well-organized and managed procurement function. In reality, procurement is often a collection of disparate suppliers selected almost randomly on the basis of a perceived ability to deliver products at a price ...
The term supply chain modeling refers to different processes used over the years to define, determine and understand an organization's supply chain. It recognizes that there are many types of businesses, each of which has unique supply chain ...
A supply chain naturally develops in an ad hoc fashion as new products are introduced or when changes are made to existing products. While supply chain managers are aware of this and endeavor to consolidate sourcing, a degree of complexity and ...