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Chapter 13.docx - CHAPTER 13 - visualizing and exerting...

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CHAPTER 13-visualizing and exerting control entire supply chain => companies can balance demandfor products and services with available supplyI.SUPPLY CHAIN:-the connected chain of all business entities (internal and external) to the company-perform or support the logistics function1.Supply Chain Agility-operational strategy – creating inventory velocity-operational flexibilityAgile Companies:+Synchronize activities by sharing supply-and-demand market information+Focus on activities that create direct customer benefits+Partner closely with suppliers and service providers to reduce customer wait timesfor products+ Reduce supply chain complexity through evaluation and reduction (or elimination)of items customers aren’t buying2.Outsourcing (Contract Logistics)-a manufacturers or suppliers use of an independent third party-manage an entire function of the logistics system-Ex: transportation, warehousing, or order processing3.Third-party logistics company (3PL)-A firm provides functional logistics services to others4.Reshoring-deinstitutionalization of a business process from an outsource location/country to theoriginal location

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Term
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BENEDICKTUS

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