Sunday, August 17, 2008

Supplu chain

The term supply chain refers to the complex sequence of activities, information and material flows involved
in producing and distributing a firm's outputs. Supply chains consume vast amounts of capital - in the form of plant, equipment and inventories - and are responsible for most of a firm's cost-of-goods and operating expenses. Supply chains create significant value and ultimately determine a firm's ability to satisfy the demands of its customers. As a result, effective supply chain management is a major strategic challenge for most firms.
But formulating effective strategy requires a good understanding of what drives cost and service in a
supply chain.
We will introduce an inventory model that will enable you to quantifying the often subtle impact of both operational and structural changes in a supply chain.

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