Approach to inventory control and ways mitigate disruptions

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The use of computers and JIT (Just-In-Time) inventory strategies has enabled SCM (Supply Chain Management) Systems to minimize WIP (Work-In-Process) inventories. Using such systems, companies tend to order parts, components and supplies from a single vendor and expect the parts, components and supplies to arrive as needed. However, such Pull-Systems leave a company very vulnerable to disruptions in the supply chain.

1. Discuss this approach to Inventory control and ways to mitigate disruptions in the supply chain.

 

Reference no: EM13227206

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