Establishing organizational excellence, seeing strength in risk and leveraging risk knowledge to competitive advantage are the foundation on which Global SCL strategy becomes flexible and agile.Read more on this free link
The Most Important Concept in Supply Chain Management - Risk Pooling. A statistical concept that suggests that demand variability is reduced if one can aggregate demand, for example, across locations, across products or even across time. Read more on this free link
Risk pooling in supply chain management: definition and importance. Dealing with supply chain risk is a vital part of operations management; retailers and other businesses that successfully mitigate and manage these risks will achieve a more efficient operation in the long run.Read more on this free link
Push System vs. Pull System: Adopting A Hybrid Approach To MRP. Understanding the difference between a push system and a pull system is important when it comes to managing product inventory as it is distributed to consumers.Read more on this free link
Supply chain integration is a process where all the parties involved with the fulfillment of a product are integrated into a single system. This requires significant coordination and alignment in order to ensure everyone is effectively working toward the same goal at all times.Read more on this free link
Small Business Supply Chain: Vendor Managed Inventory (VMI)In VMI a vendor takes responsibility for maintaining an agreed inventory. Read more on this free link