role of logistics in gaining competitive advantage (Fuller, OConor, Rawlinson, 1993). Some firms sales are booming in Asia, while others are achieving radically lower cost by sourcing from China and other low-cost countries (LCCs). A review of quantitative models for reverse logistics can be found in Fleischmann., 1997. The same transition is also true for many other products, from PCs to lawn mowers. As with facility location, these decisions impact the supply-chain structure (Fisher, 1997) as well as define an interface with marketing (Narus Anderson, 1996). For example, changes in pricing and trade promotions and channel initiatives such as vendor-managed inventory (VMI coordinated planning, forecasting, replenishment (cpfr and continuous replenishment (Waller, Johnson, Davis, 1999) can significantly reduce demand variance.
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These innovations require interfirm, and often intrafirm, cooperation and coordination that can be difficult to achieve. Two fundamental catalysts have conspired over the past decade to initiate the required change in management theory. You can use our professional writing services to order a custom research paper on any topic and get your high quality paper at affordable price). Consequently, even at a single location, there are five decision variables: (1) application thesis extension how often to review the stock status, (2) when to recover returned units, (3) how many to recover at a time, (4) when to order new units, and (5) how many to order. Long-standing challenges, such as short product lives and uncertain demand, have become even more vexing. Improving supply-chain performance using order fulfillment metrics. Upper Saddle River, NJ: Prentice Hall. He also introduces the issue of risk management due to the potentially catastrophic risk associated with suppliers located on the other side of the world. In one survey, for instance, researchers found that more than 50 of service parts had no global demand in 2 years, and the inventory turnover (the sales of a product divided by the average inventory) for all parts was between.0 and.5! P., Randall,., Schmidt,. One might think that this is a standard inventory management problem that can be addressed with standard inventory models.
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