FI 393 Lecture Notes - Lecture 55: Network Planning And Design, Bullwhip, Business Cycle
Document Summary
Network design creating distribution networks based on tradeoff decisions between cost & sophistication of distribution system. When supply chain participants work for common goals. Based on efforts to change attitudes & adversarial relationships. Crucial for firms to know if procedures are working. Supply chains will work harder to reduce environmental degradation. Large majority (75%) of u. s. consumers influenced by a firm"s environmental friendliness reputation. Recycling and conservation are a growing alternative in response to high cost of natural resources. All partners and services within the end-to-end extended supply chain are integrated. An estimate of future demand & provides the basis for all planning decisions. Forecasting - process of predicting future events (drives all other business decisions) The process of selecting actions in anticipation of the forecast (requires organizing resources in anticipation of the forecast. Forecasting uses mathematical models & historical data to make forecasts. Most frequently used among all the forecasting models.
