All supply chain fuatrions have provided insights into decision making in key supply chain functional activities, including planning, procurement, manufacturing and service operations, logistics and inventory management,. Throughout these modules, the importance of managing each function as an integrated part of the end-to-end supply chain system was emphasized. In particular, the focus on the need to optimize total value as opposed to optimizing functional goals and metrics has been highlighted; organizations can utilize cycle time management to create optimal total value. It presents a framework based on key characteristics of products and demand that provide an indication of which type of supply chain configuration is appropriate to optimize value.
- Supply Chain Value Fulfilment.
- Anticipatory/Efficient Value Creation.
- Lean Value Creation.
- Responsive Value Creation.
- Flexibility in Value Creation.