Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Supply chain management experts believe that in order for companies to remain competitive, they must prioritize customer-driven systems designed for instantaneous reaction in their supply networks rather than internal optimization and demand forecasting. Therefore, starting with the customers and finishing with the providers, cooperation is essential to accomplishing this. A new supply chain design is necessary, one that centers on the detection, molding, and driving of intelligence.
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- IT serves as the nerve center of the information revolution. Unfortunately, it is difficult to pin down exactly what role IT plays and what influence it has. Do research on how different links in the value chain make use of technology to boost their operational efficacy and gain a competitive edge.arrow_forwardWhat are the supply chain challenges that are special to a company that sources from 35 countries?arrow_forwardIt all comes down to being visible, connected, and cooperative in order to do tasks quickly. How may the main capabilities of supply chain technology be used to enhance the chain?arrow_forward
- The major difference between a company that follows broad low-cost strategy and a company that follows focused low-cost strategy is defined by: Number of attributes of company's products Amount of outsourced activitiesarrow_forwardDiscuss centralization versus decentralization in purchasing. What are the advantages of each?arrow_forwardWhy is supply chain management considered a strategicbusiness function?arrow_forward
- What is the primary question to ask when considering whether or not to vertically integrate? Group of answer choices Should you organize your company in M-form to promote efficiencies? Should you have multiple parts of the supply chain within your company to create more value? Should you buy all of your competitors to gain competitive advantage?arrow_forwardChanges in the way industry organize and operates have resulted in a renaming to Industry 4.0 . To support this new definition and implementation of industry characteristics, supply chains 4.0 need to evolve to support newer operational implementations as well with newer sets of requirements and metrics. How have supply chains adapted to Supply Chain 4.0arrow_forward
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