Interpretation: If the effects of supply chain dynamics can be mitigated with a simple redesign of the supply chain.
Concept Introduction: The dynamics involved in the supply chain could lead to extra costs and it may also lead to poor customer service.
Answer to Problem 1DQ
Based on a thorough analysis, it is concluded that the decision made with regard to Supply Chain will only succeed, if:
- They are obtained from the key personnel operating in the field
- And are communicated to the right persons, who are proper decision makers.
Explanation of Solution
Given information: The dynamics involved in the Supply Chain can lead to adverse costs and poor customer service.
An effective
- Better quality, improved productivity and increased profitability
- Intelligence to the Supply Chain operations
- Optimum utilization of resources through recognizing the constraints
Since, the supply chain may contain various organizations forming a network, the goals and objectives of the companies involved differ across four major segments:
- Measurement
- Time Frame
- Focus
- Specificity
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Chapter 14 Solutions
OPERATIONS MANAGEMENT LL PACKAGE
- Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage LearningPurchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning