13714Respond or elaborate on the discussion post below: Strategic Reserve or safety stock is the extra inventory that is held by an organization to ensure that consumer demand is met while accounting for supply chain disruptions, changes in market conditions, and operational delays (Bowersox et. al.,...
13713Respond or elaborate on the discussion post below: Maintaining a strategic reserve, or inventory buffer, means ensuring that a company has sufficient stock to manage fluctuations in demand and supply disruptions. It serves as a safeguard against uncertainties such as supplier delays, transportation issues, or unexpected...
13706Describe the four prime functions of inventory that necessitate inventory investment in a logistical system: geographical specialization, decoupling, balancing supply and demand, and buffering uncertainty. Write a paragraph of at least three sentences about an organization you know well or have researched, aligned with response above. Write...
13705Inventory is a key part of warehouse management. One aspect of inventory that has a daily operational impact is the idea of buffering, or strategic reserve. This Discussion has you consider this concept more closely. Please answer the following: What does it mean to ensure your company...
13693Respond or elaborate on the discussion post below: Distribution Network A distribution network can be thought of as the interconnected web of facilities and transport routes that move products from where they are made to where they are consumed. It goes beyond a simple chain and instead...
13692Respond or elaborate on the discussion post below: A distribution network in my world is a connected set of suppliers, distribution centers, stores, logistics, carriers, and doing my best to bring it all together into one cohesive flow. It is managed as a network, not as...
13683Respond or elaborate on the discussion response below: The risk equation is simple. Risk = Probability × Impact. This means the chance of something happening times the damage it could cause. If either the chance or the damage goes down, then the overall risk goes down...
13682Respond or elaborate on the discussion response below: Risk management is a critical part of logistics and supply chain operations because disruptions can quickly escalate into costly inefficiencies. The basic risk equation is generally expressed as: Risk = Probability of an Event × Consequence of the Event This...
13674Respond or elaborate on the discussion response below: In today’s interconnected supply chains, leaders rely heavily on information systems. To gain visibility and coordinate activities across the global pipeline. A Supply Chain Management System (SCMS) are created to manage the flow of goods, services, and information...
13673Respond or elaborate on the discussion response below: Supply chain management systems (SCMS) are a set of tools that manage the flow of goods, information and finances from end-to-end of the supply chain. Each system covers specific areas of supply chain activity including planning, sourcing, production...