What is the role of enterprise resource planning systems in supply chain management?
Answer to relevant QuestionsDiscuss the relative advantages of best-of-breed software versus supply chain suites. What are some of the logistical problems that may arise when supply and demand for a product are not aligned properly? What are some of the methods used to soften the effects of this imbalance? What events might occur when an organization is out of stock of a needed product? How might the cost of a stockout be calculated? Explain the relationship between customer service levels and the costs associated with providing those service levels. Why is it usually more difficult to determine the cost of lost sales for finished goods than it is for raw materials inventories?
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