Editor’s Note: Vishnu Rayapeddi is a recognized pioneer of Lean Management and founder of Productivity Solutions. You can view all of his Supply Chain training materials on Flevy here. * * * * Supply chain strategy. What is it? Many might think that there is no distinction in perception between supply chain management and supply chain […]
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Have You Heard of Postponement Strategy in the Supply Chain?
The postponement strategy is based on the following two basic principles of demand forecasting. The accuracy of forecast demand decreases with an increase in the time horizon. The farther the time window for which the demand is being forecasted, the more inaccurate it will be. This effect can be shown as a funnel: as time extends farther […]
