Supply chains to be both responsive and efficient

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Reference no: EM132275108

1. Do you think it is possible for supply chains to be both responsive and efficient? If yes, how? If no, why not and which one of the two should they be?

2. What level of hierarchical decision making (i.e., strategic, tactical, and/or operational) do you typically participate in at work? What sort of IE analysis tools and techniques do you think might be of value to you on the job (e.g., Monte Carlo simulation, discrete event simulation, value stream mapping, optimization, etc.)?

3. Suppose that worldwide, companies were required to use only one single analysis tool, technique, or method in all future projects, studies, and analyses (available choices are Monte Carlo simulation, discrete event simulation, value stream mapping/process flow analysis, and optimization). Which one would you recommend to your CEO and why?

Reference no: EM132275108

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