CHAPTER 9

World Class Supply Chain Management: Key Takeaways

Supply chain management is the process of efficiently coordinating the flow of material across suppliers, transportation providers, manufacturers, distributors, and retailers. Executed properly, SCM improves customer service and revenue achievement while reducing operating costs. Achieving this goal requires a structured approach toward managing production, distribution, and working capital. This book introduced the concepts, mathematical models, and process steps required to realize these improvements. This concluding chapter summarizes the book’s takeaways.

Establish an effective costing framework to enable decision-making. Often, a company identifies costs based on the activity ...

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