Supply chain managers should be concerned about three flows in their organizations. What are these three flows, and why are they important? How are they related to each other?
Answer to relevant QuestionsDuring the 1980s and 1990s, managing the transportation function in supply chains was recognized as being important but not critical. Has this perspective changed, and if so, how and why? On a macro-economic basis, the ratio of inventory to sales has declined over the last 20 years. Is this good or bad? Why? What factors have contributed to this trend? Is this trend likely to continue in the future? Why or ...Globalization has developed in three phases or eras. What are the major differences between today’s third phase and the previous two phases? Do you think that there will be a fourth phase? Why or why not? What is meant by the phrase “supply chain security, especially on a global basis, is a balancing act”? What are some of the more common “drivers” and “facilitators” of successful supply chain relationships?
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