Supply Chain Homework - BUS 112 Supply Chain Efficiency...

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BUS 112 Supply Chain Efficiency Homework 1. Seek opportunities to optimize. Optimization can provide reliable decision support for supply chain challenges such as network design, route mapping, and load building. 2. Simulate. Although the time and expense required to run simulations make them impractical for some supply chain functions, they provide value by showing how solutions will play out in the real world. Don't waste any time on a solution that works in theory, but not in reality. 3. Pay for carrier quality. Using the cheapest carrier can backfire if it results in significantly increased damages or delivery delays. Some carriers' performance records justify the slightly higher rates they command. 4. Invest in 20/20 visibility. The earlier and more frequently you begin using visibility systems – preferably at the order management level – the better you'll be able to avert supply chain disruptions, reduce the need for excess inventory, and limit substandard supply chain performance.
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