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About SCM Merged
Managing uncertainty is one of the biggest challenges in supply chain management. Some ways to deal with it include: 1. Increase flexibility through postponement strategies, dual sourcing, flexible capacity, etc. This allows adapting to changes. 2. Improve collaboration and information sharing across the supply chain. This provides greater visibility to anticipate and respond to disruptions. 3. Implement demand sensing techniques to continuously update forecasts based on real-time demand signals. This improves forecast accuracy under uncertainty. 4. Use risk mitigation strategies like safety stocks, dual sourcing, etc. to reduce the bullwhip effect of uncertainty on supply chain performance. The key is to build agility, collaboration, visibility and risk
Detailed Information
| Author: | ['Ayushi Jayaswal'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 395 |
| Language: | English |
| Format: | |
| Price: | FREE |
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