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