supply chain management Free Essay, Term Paper and Book Report
Effective management of a supply chain includes thinking creatively about how to integrate and perform logistics and manufacturing activities. Postponement and speculation strategies offer opportunities to achieve delivery of products in a timely and cost-effective manner by rearranging the conventional production and logistics structures, which are often designed and managed autonomously.1 Supply chain advancements have frequently been achieved by reducing risk and uncertainty through the employment of sophisticated forecasting techniques, with a low degree of cooperation and integration between the manufacturing and logistics processes. By employing the concept of postponement and combining it with a holistic view of the supply chain, a small number of best practice companies, some of which serve as examples in later sections, have managed to increase the performance of their firms and the supply chain as a whole.2
Few substantial efforts have been made to operationalize the theory of postponement and speculation (P/S) in a way useful to managerial decision making.3 This article ......
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Page Count: 19 (250 words a page / double spaced)
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