Cornell Note: Comparative Analysis of Supply Chain Strategies
VerifiedAdded on 2023/06/15
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This assignment presents a Cornell Note summarizing three articles related to supply chain management. The first article discusses "bandit" supply chains, particularly in the mobile phone industry, highlighting the cost advantages and quality improvements achieved by firms engaging in such practices. The second article focuses on demand forecasting in military operations, emphasizing the challenges in predicting demand due to factors like data maintenance and system complexities. It introduces mission-based forecasting and condition-based maintenance (CBM) as potential solutions. The third article examines supply chain agility, defining it as a critical factor for customer effectiveness and noting its dependence on industry stability, with stable companies employing complex processes and unstable ones relying on simpler, experiential methods. The note concludes that supply chain processes vary across industries, with agility being a key determinant of customer service.
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