Assignment:
The need for supply chain managers to be effective cost managers is not even in question today. Because of this, it is necessary for supply chain managers to be comfortable with all facets of price and cost analysis. At times, cost management may involve something as basic as replacing one material with a lower cost, but equally effective material, or rebidding a contract.
At other times, it may involve a buyer and supplier working side-by-side to manage a cost-driven pricing contract. Knowing when, where, and how to apply a specific kind of price or cost analytic technique is something that supply chain professionals must bring to the table. Explain your thoughts on what would be the most effective way to manage cost in your organization.
Instructions: Your initial post should be at least 250 words.
Cornel notes for 3 topics:
Assignment Instructions
To help you retain the information found in this course, each week you are required to submit your "Cornell Notes" for each article required for the week. An MS Word template is attached for your use. Please submit all notes for the week in ONE MS Word document.
Please click here to review information on Cornell Note Taking.
Please complete Cornell Notes on three articles listed below:
Article 1 - Performance Outcomes of Supply Chain Agility - When Should You Be Agile?
Article 2 - Mission-Based Forecasting: Demand Forecasting for Military Operations
Article 3 - Competing With Bandit Supply Chains