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Supply Chain Optimization
“In a general layman’s sense, it tends to mean ‘make it a lot better,’or ‘as good as we can achieve under the present circumstances’ As in, ‘We’re going to optimize our safety stock levels,’ or ‘We 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
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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