Upon successful completion of this unit, you will be able to:

  • apply the principles of supply chain management to a variety of organizational settings;
  • explain the “bullwhip effect” and evaluate strategies to limit variation;
    • apply appropriate criteria in choosing suppliers, such as:
    • Can the vendor supply the needed quantity of materials at a reasonable price?
    • Is the quality good?
    • Is the vendor reliable?
    • Does the vendor have a favorable reputation?
    • Is the company easy to work with?
  • describe the two main areas of distribution management.