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| First intelligent look at material movement: |
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What SCM strategy was developed by the Japanese? |
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| Extremely popular theory that treated all production and distribution as processes with bottlenecks |
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What is the postponement theory? |
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Theory that will take the inventory as far back in the supply chain as possible by: -Capitalizing on firm customer orders -Elminating forecast error to the greatest extent possible -Controlling lead time variability -Decreasing average lead times |
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| Example of Total Quality Management |
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| What are the two SCM strategies? |
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Efficient Supply Chain Responsive Supply Chain |
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