Article 8 - Making Supply Meet Demand in an Uncertain World...

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Making Supply Meet Demand in an Uncertain World 1. Key Takeaways and Rationales: Amol: The selling price of various products has been in control due to global market with global competition and unprecedented number of varieties of each product. But this has made life much more difficult for the manufactures of these products. The profit margins are at minimal level and with the life cycle of each product becoming lower and lower day by day markdown and stock outs have a severe impact of the bottom line of each firm. The new Accurate response approach seems to solve the problem which was unsolvable even with implementation of JIT, quick response program etc *** I have rewritten the paragraph in Italics Ludlow: For manufacturers to survive in an ever changing world where their products have a short lifespan, based on seasonality or technology, the will need to adapt a new production method. JIT or quick response programs are designed for products that have a long life cycle; therefore, these options will not work, but a newer practice, accurate
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Article 8 - Making Supply Meet Demand in an Uncertain World...

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