December 2014
Beginner
717 pages
29h 18m
English
book
Principles of Supply Chain Management, Second Edition, 2nd Edition
by Richard E. Crandall, William R. Crandall, Charlie C. Chen
Content preview from Principles of Supply Chain Management, Second Edition, 2nd Edition
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350 Principles of Supply Chain Management
integrated so that managing excess inventories is an ongoing part of the management
process and not a piecemeal attempt at a quick x.
A life cycle model implies excess inventory occurs as a regular part of doing business
and must be managed in a systematic manner. Managers are aware of their potential,
recognize quickly when they do occur, and have a preplanned way to dispose of them
without causing a major disruption in the business. The following discussion looks at this
life cycle in more detail.
Figure 10.3 is a diagram of the life cycle model. The left side shows the creation of excess
inventories ...
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