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The world today faces global competition. The supply chain is a vital part of the globalization process. This new edition has been fully updated with recent changes in concepts, technology and practice. Integration and collaboration are keywords in future competition. Firms must be agile and lean at the same time. The book gives an insightful overview of the conceptual foundations of the global supply chain, as well as current examples of best practice of managing supply chains in a global context.
Supply Chain Management has a theoretical foundation in transaction cost theory and the network approach. A major part of the book is devoted to the implications of new concepts such as Customer Relationship Management, Supplier Relationship Management, Vendor-managed Inventory, Efficient Consumer Response, and Collaborative Planning, Forecasting, and Replenishment. A number of cases are illustrating the theoretical discussions. It has a European perspective, both in terms of examples and themes. The book can be used in teaching logistics and supply chain management courses, but also by logistics managers and SCM professionals when implementing the SCM concept in their own organisations.
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