Assistant Professor, Sri Aurobindo College of Commerce and Management, Ludhiana, India
Online published on 20 September, 2016.
To complete an order, it has to pass through different stages one by one. There could be dozens of constraints at each stage. After overcoming each of them the order has to reach customer in right quality, in right quantity, at right cost, in right time and at right place. How this will be possible? Answer is with uninterrupted flow of work and flow of information. It could be possible either with very high level of automation or with very high level of supply chain systems at every stage. The decision maker has a limited amount of information on the expectations at his disposal. What should his optimal strategy be?
Textile, Management, Efficiency, Supply Chain