Creating Supply Chain Value With Cycle Time and Inventory Yield

Topics:
Inventory Management,
Logistics Planning,
Wholesale
Tags:
Enterprise Software,
Software,
Supply Chain,
Supply Chain Management (SCM)
Source:
New York Times Company

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Overview: A supply chain is not a series of links forged together for a common purpose. That is a nice image. However it minimizes the reality of the chain and how each link in that chain must design its own logistics process to function within the chain. As a result, there are supply chains within each supply chain. With supply chains, the emphasis is on logistics because that is the vital driver of the supply chain. The initial purpose of SCM was to reduce inefficiency in the supply chain. That inefficiency was defined with time and inventory. But that purpose was put on hold in the drive for cost reductions, often focusing on freight. Supply chain management is now transforming into its original purpose.

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