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Design, Analysis and Optimization of Supply Chains by William R. Killingsworth

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Chapter 2

The Dynamics of the Supply Process for High-Value Spare Parts

Introduction

Most modern supply chains function as a large-scale complex system with feedback controls at the nerve center. Data containing information on inventory levels, shipments due out, receipts due in, and so forth are “fed back” to the control center, and algorithms calculate and place orders that guide the system toward its desired or target state. This process is common in enterprise-resource planning (ERP) systems within large corporations. At the heart of many supply chains for high-value parts is a process known as the requirements-determination system, or the supply-control study.1 This computer-based process is used to determine the number of recommended buys ...

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