When analysing your inventory management policies you should be considering a series of characteristics your full supply chain end-to-end has. To start with, uncertainty is a serious question I would be looking at: both demand and lead times may be …
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The age of IT and information systems, back in the 60s a 70s, created new opportunities for those companies that were able to leverage the new data that was being gathered about the whole operation. However, data on its own …
Although it is not a perfect paradigm, Porter’s Value Chain has helped explained how a company can create value since it was devised in 1985. Source: Wikimedia Commons. According to this diagram, the activities that add value to a product …