Channel Investigate

Chaos Theory: Can We Use It To Our Advantage In Supply Management?

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Executive Summary

Can one apply the principles of chaos theory to managing the supply management function? This paper will explore the extent of chaos in areas such as demand, forecasting, supply chain management performance, supplier stability, and cost/quality improvement. Attendees will be able to apply the learning in identifying, assessing, mitigating and eventually eliminating it in their organization. Supply Management can present short term and long term performance deterioration by instituting common chaos management processes in their organization.

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