The theory of constraints and the supply chain
In 1000 words, explain how the theory of constraints applies to a supply chain as opposed to a manufacturing facility. Include:
- The four key drivers of any supply chain strategy are inventory, technology, information, and logistics. Select one of the drivers, and elaborate how the theory of constraints could be used in this area of the supply chain.
- Cite an example of a company that has applied the theory of constraints to its supply chain and how it affected the company's competitive advantage. If that is not yet known, explain how you would expect it to affect the company's competitive advantage.