Producing or purchasing too much inventory leads to waste and carrying costs. Companies can apply the Lean principle of Takt time to ensure the right level of product is on hand to meet customer needs.
Educational resources – including online learning and accelerated MBA programs – abound for people working in or pursuing supply chain jobs, writes Editor Felecia Stratton.
Automated traceability technology allows companies to locate products anywhere in the supply chain, minimizing the impact of product recalls, writes Tom Kozenski of JDA Software.
Supply chain jobs require that professionals master five core competencies, including global business leadership and integrated value chain design, writes Paul Dittman of University of Tennessee - Knoxville.