The most notable include: the business model, inventory reduction strategies / risk reduction strategies, inventory levels and effective warehousing. The business model is: where they are examining how the current model, could help to contribute to various supply chain related issues. The inventory reduction / risk reduction strategies are: when the business is seeking out ways to reduce the inventory levels and possible risks as much as possible. Inventory levels are when you are monitoring the effectiveness of using this strategy. Effective warehousing is when the company is utilizing its different warehouse space, to effectively control the inventory levels. These different elements are important, because they illustrate how the warehouse would play a vital role in the postponement process. Where, it is playing role in helping a company to: store, maintain and control inventory levels. As a result, the warehouse is the final point, that the total effects of a company's inventory management strategy will be seen. The below example illustrates how this system would work. (Baker 2008)
Combining Different Postponement Strategies
Business Mode
Inventory Reduction Strategies / Risk Reduction Strategies
Inventory Levels
Effective Warehousing
A Comparison of Postponement Strategies
When you compare the various systems side by side, it is clear that there are a number of different ways that this can help the warehouse adapt to the changes that are occurring. Under the form postponement system, there is one central distribution center that will distribute the different products to the various locations. The two level inventory system; is when you are using two different warehouses, to serve as a stop gap measure, to make certain that the different retail stores have the products they need. Combining the different strategies is when you are looking at the business model that is being used and the underlying inventory levels. Where, the main objective is to examine how both factors, could have an effect on inventory levels. These different strategies are significant; because they show how a shift has occurred in way warehouses are being used. Where, it is playing an increasingly important role in the management of the supply chain and inventory levels. For any organization, effectively being able to deliver the products that consumers need, at the prices they are demanding, will play a major role in determining how successful a business will be in the future. As a result, a variety of warehouse postponement strategies must be utilized, as a way to address the different changes that a business is facing, because of globalization. Where, the most profitable corporations have begun to embrace innovative warehouse postponement strategies, as a way to help improve their overall bottom line. Over the course of time, those businesses that can be able to effectively adapt their postponement strategies, to changes that are taking place in the economy, will see a dramatic improvement in the underlying levels of profitability. Where, the focus on this aspect of the business will help to give the...
Supply Chain Ann Supply Chain Management Annotated Bibliography Chopra, S., & Meindl, P. (2010). Supply chain management: Strategy, planning and operation (4th ed.).Upper Saddle River, NJ: Prentice Hall The text by Chopra & Meindl (2010) is an excellent starting point for this discussion, primarily because it serves as a rather exhaustive introductory reading on the subject. Providing academic explanation of the basic premise of supply chain management and an extensive investigation of the
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