Discuss why using expected trends for the future can lead to different supply chain decisions relative to decision tree analysis that accounts for uncertainty.
Answer to relevant QuestionsWhat are the major financial uncertainties faced by an electronic components manufacturer deciding whether to build a plant in Thailand or the United States? What role does forecasting play in the supply chain of a mail order firm such as LL Bean? What are the characteristics of these industries that make them good candidates for aggregate planning? What are some obstacles to creating a flexible workforce? What are the benefits? What is the bullwhip effect and how does it relate to lack of coordination in a supply chain?
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