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SUPPLY CHAIN MANAGEMENT

ansfer of a finished product to the distribution sub-cycle. The distribution sub-cycle is the time from finished production to shipment to the customer from the distribution warehouse. The supply sub-cycle is the time from release of the purchase order to stocking the correct materials in the right quantities at the right point in the manufacturing process. The new-product-introduction sub-cycle is the time from identification of the need for a new product to delivery of the first unit of product to a customer. The strategic-business-development sub-cycle is the time required to develop a new strategy, make the decision to adopt it, and then implement the strategy (Barnes, Hinton, & Mieczkowska, 2003).

The integration of all loops is required, if total cycle time is to be reduced. Shorter cycle times allow a company to produce at lower costs, without a require

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SUPPLY CHAIN MANAGEMENT. (1969, December 31). In LotsofEssays.com. Retrieved 08:20, May 18, 2024, from https://www.lotsofessays.com/viewpaper/1709773.html