SUPPLY CHAIN LOGISTICS

Supply Chain Logistics

Supply Chain Logistics

Effective management and control of material flows across the boundaries between companies and their customers and suppliers is vital to the success of their internal operations.(Prickett, 2002) WMC is the medium-sized company with approximately 250 employees and the turnover of approximately £14 million sterling. As the result of the re-engineering carried out at WMC, the number of lessons were learnt, which are generic enough to be applied to most industries experiencing similar problems:

Simple statistical analysis coupled with simulation can go the long way. In other words some simple time series analyses can ...