Question

GLOBAL MACROTRENDS AND THEIR IMPACT ON SUPPLY CHAIN MANAGEMENT CH. 6 Implications for Supply Chain Planning:...

GLOBAL MACROTRENDS AND THEIR IMPACT ON SUPPLY CHAIN MANAGEMENT

CH. 6 Implications for Supply Chain Planning: Demand and Supply Uncertainty

What are “flexworks” and how can they be used to enhance supply chain performance?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Flexworks are flexible networks that adapt to an order's customer, product, environmental, and transportation availability in real-time. They are rapidly morphing networks that consist of privately or publicly shared manufacturing facilities, warehouses, and carriers whose purposes change in real-time in response to shifts in demand patterns. They can enhance supply chain performance in the following ways-

  • They help to stave off inevitable stockouts that arise from demand sensing or poor forecasting
  • Multi-industry sharing of transportation that will allow load-sharing opportunities to present themselves
  • Address sudden facility mobilization
  • Provides high service with low cost

*If you find this answer helpful, please give it a thumbs-up. It will be highly appreciated*

Add a comment
Know the answer?
Add Answer to:
GLOBAL MACROTRENDS AND THEIR IMPACT ON SUPPLY CHAIN MANAGEMENT CH. 6 Implications for Supply Chain Planning:...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT