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Essentials of Supply Chain Management, 5th Edition
book

Essentials of Supply Chain Management, 5th Edition

by Michael H. Hugos
April 2024
Intermediate to advanced content levelIntermediate to advanced
416 pages
9h 9m
English
Wiley
Content preview from Essentials of Supply Chain Management, 5th Edition

CHAPTER 7Supply Chain Innovation for the Real-Time Economy

Supply Chain Performance Depends on Timely Data

As discussed in the Chapter 1, there are five supply chain drivers that determine the performance of any supply chain: production, inventory, location, transportation, and information. And the goal of most supply chains is to manage them so as to “increase throughput while simultaneously reducing inventory and operating expense” as Eliyahu Goldratt so clearly and simply stated in his book, The Goal (2014, 30th Anniversary Edition, Great Barrington, MA: North River Press).

Accomplishing this goal requires constant adjusting of the first four drivers to get the right balance of efficiency and responsiveness as the world changes. And the key ...

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Publisher Resources

ISBN: 9781394217311Purchase Link