What are chain management tools?

Question

economics

Answer 1

1) Control of events;

2) Management of information flows

3) IT support (for life-stock updates)

4) Stock in/Stock out monitoring

5) Obsolescence/Surplus management

6) GPS systems (to control cargo delivery)

7) Just-in-time methods

8) Liquidity management

9) Inventories planning (Baumol model, Economic order quantity model, etc.)

10) Cost control

11) Risk control

12) Reserve stock management

13) Shortages control/management/monitoring

14) Damaged goods/cargo control

15) Good current asset manager

16) Optimal delivery-path methods

17) Right order quantities (taking into account volume-purchase discounts, etc.)

18) Knowing demand dynamics for goods (including seasonal fluctuations and business-cycle stage)

19) Knowing your market including competitors reaction scenarios + macro-level risks for longer-runs.

20) Currency exchange-rates monitoring.

21) Good accounting system

22) Insurance support

23) etc...