Upon successful completion of this unit, you will be able to:
- apply the principles of supply chain management to a variety of organizational settings;
- explain the “bullwhip effect” and evaluate strategies to limit variation;
- apply appropriate criteria in choosing suppliers, such as:
- Can the vendor supply the needed quantity of materials at a reasonable price?
- Is the quality good?
- Is the vendor reliable?
- Does the vendor have a favorable reputation?
- Is the company easy to work with?
- describe the two main areas of distribution management.
