Concerning supply chain management (SCM), companies nowadays face challenges like shrinking product life cycles, the proliferation of product variants, and increasing uncertainty on both the demand and the supply side. Dealing with that uncertainty is a major issue for supply chain managers. Usually, there are three main possibilities to handle uncertainty: one can either hold safety inventory, or hold safety capacity, or reduce uncertainty (variability) by using enhanced information. These three strategies constitute the so-called Operations management (OM) triangle. This study analyzes...
Concerning supply chain management (SCM), companies nowadays face challenges like shrinking product life cycles, the proliferation of product variants...