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The state of supply chain strategy.(Cover Story)

By Hicks, Donald A.
Publication: IIE Solutions
Date: Sunday, August 1 1999

Strategic planning seeks for the implementation of the most efficient, highly profitable supply chain system that best serves one's clients. Of all the decisions that a company must make, supply chain strategic decisions are the most risky because they involve the largest capital expenditures and they have the greatest potential for disaster. A four-step process is involved in the operational approach to supply chain strategic planning, namely, network optimization, network stimulation, policy optimization, and design for robustness. To ensure that one's supply chain decisions are most effe

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