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The set of business processes required to purchase goods and services is known as

Safety inventory is held because

One of our key obligations as supply chain managers is to drive strategic fit to drive competitive advantage.

A company’s ability to find a balance between responsiveness and efficiency that best matches the needs of the customer it is targeting is the key to achieving strategic fit

Th biggest challenge for the Product Development organization in the Omni-channel universe is to develop products that are safe and reliable to navigate 100% of the supply chain

Inventory is an important supply chain driver because changing inventory policies can dramatically alter the supply chain’s efficiency and responsiveness

Operating with low levels of inventory helps a supply chain facing uncertainty because there is that much less product to flush out of the system before filling today’s order

A Customer Centric Company cannot be short term centered and must strategize and focused on customer innovation and needs first, then addressing how to achieve it with focus on cost and cash. 

A company’s supply chain strategy determines the nature of procurement and transportation of materials as well as the manufacture and distribution of the product.

Profit is an outcome of Customer fixation