Operations Research, Systems Engineering and Industrial Engineering Commons^™

Enhancing Agility Of Supply Chains Using Stochastic, Discrete Event And Physical Simulation Models, Alok K. Verma

Engineering Technology Faculty Publications

Managing supply chains in today’s distributed manufacturing environment has become more complex. To remain competitive in today’s global marketplace, organizations must streamline their supply chains. The practice of coordinating the design, procurement, flow of goods, services, information and finances, from raw material flows to parts supplier to manufacturer to distributor to retailer and finally to consumer requires synchronized planning and execution. Efficient and effective supply chain management assists an organization in getting the right goods and services to the place needed at the right time, in the proper quantity and at acceptable cost. Managing this process involves developing and overseeing …