Supply Chains

Research output: Chapter in Book/Report/Conference proceedingEntry for encyclopedia/dictionary

Abstract

A supply chain encompasses all the resources and processes required to fulfill the demand for a product. A properly functioning supply chain is critical for a firm to be able to equate supply and demand at a reasonable cost. We first review common measures of supply chain performance and inventory related costs. We next discuss how facility choices, transportation modes, inventory policies and information structures interact to determine the profitability and responsiveness of a supply chain. We conclude with common criteria for categorizing supply chains.
Original languageEnglish (US)
Title of host publicationThe New Palgrave Dictionary of Economics
EditorsSteven N. Durlauf, Lawrence E. Blume
PublisherPalgrave Macmillan
Edition2nd
ISBN (Electronic)9781349588022
ISBN (Print)9780333786765
DOIs
StatePublished - 2008

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