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Supply Chain Management by Vinod V. Sople

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19

Supply Chain Optimization

“In a general laymans sense, it tends to meanmake it a lot better,oras good as we can achieve under the present circumstancesAs in, ‘Were going to optimize our safety stock levels,orWe optimized the layout in our distribution center

 

—Dan Gilmore”

Chapter Objectives

To understand:

  • What is supply chain optimization?
  • Benefits of optimization
  • Optimization techniques
  • Challenges in optimization process

 

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Optimization methods have been around since post World War II, with the advent of operations research and management sciences. However, there has been a great interest in applying these concepts ...

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