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Risk and the Distribution Network - Lesson Summary

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The key points from this module are:
All business faces two taxes:
- Direct
- Indirect

- Direct tax is the tax payable by the business (e.g. Corporate income tax).
- Indirect taxes are VAT, Excise etc.

Flexibility is your ability to adapt to sudden and last-minute changes.

Flexibility in the supply chain is essential. There are two types of demand :
- The planned increase in demand - is a supply chain management process of forecasting, or predicting, the need for products to ensure they can be delivered.
- A sudden increase in demand is a sudden and temporary increase or decrease in the need for a good.

Six Sigma is a method that provides organisations with tools to improve the capability of their business processes.
LSL means lower Specification Limit
USL means Upper Specification Limit
A supply chain comprises of:
Supplier
Manufacturer
Transporter
Distributor
Warehouse
Echelon means level and describes the different levels at which the supply chain moves before reaching the customer.

We have two different types of Echelon designs Single period and Multiperiod.