SUPPLY CHAIN

Supply Chain

Supply Chain

Introduction

In today's era, the rapid increase in globalization has given many challenges to the organizations. In addition to implementing effective management systems, the organizations are also required to carefully manage their supply chains for grabbing new opportunities in the markets and also to reduce the costs of handling and managing inventories. The supply chain has become of the key aspect that has direct impact upon the success of the organizations.

In handling and acquiring inventories, the organizations are required to consider various costs associated with ordering, receiving and handling costs. According to Zipkin (2000), the essential functions of inventories ...