In implementing this system, managers develop a strategy for managing all the resources needed to meet customer demand.

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This strategy greatly reduces warehousing costs.

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Examples of such a system include SAP and Oracle.

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This strategy focuses on reducing waste and inefficiency by ordering inventory items so that they arrive just when they are needed.

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A collection of performance measures that track an organization$$s progress toward achieving its goals.

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In the $1950$s$,$ this strategy$$s roots can be traced back to Henry Ford.

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A network of facilities that procure raw materials, transform them into intermediate goods, and then into final products.

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Developed in the early $1990$s by David Norton and Robert Kaplan.