Supply Chain Management: Strategy, Planning, and Operation 5th Ed

Abstract

This book is targeted toward an academic as well as a practitioner audience. On the academic side, it should be appropriate for M.B.A. students, engineering master’s students, and senior undergraduate students interested in supply chain management and logistics. It should also serve as a suitable reference for both concepts as well as methodology for practitioners in consulting and industry. NEW TO THIS EDITION The fifth edition has focused on building on the changes that were incorporated in the fourth edition. We have also added changes based on specific reviewer feedback that we believe significantly improve the book and its use by faculty and students. • We have added several new mini-cases throughout the book. New cases appear in Chapters 3, 5, 6, 12, and 14. Information in other cases has been updated to be current. • For numerical examples discussed in the book, we have spreadsheets that students can use to understand the concept. The spreadsheets provide the details of the example discussed, but are live which allows the student to try different what-if analyses. These spreadsheets are available at www.pearsonhighered.com/chopra. • In Chapter 3, we have added a section on financial metrics and ratios and linked these to the different supply chain drivers and metrics. This chapter allows a faculty member to position the supply chain management as it directly impacts the financial performance of the firm. We have also added a supporting mini-case with which students can dig into Walmart’s financials in detail. • We have enhanced Chapter 6, which focuses on designing global supply chains. In particular, we have included a detailed example in Section 6.6 that looks at the onshoring/offshoring decision as a real option in the context of uncertainty. A mini-case has also been included in the chapter to look at the offshoring/onshoring decision. • Supply chain coordination (Chapter 17 in the fourth edition) is now part of the module on “Planning and Coordinating Demand and Supply in the Supply Chain.” Based on reviewer feedback, we decided it was appropriate to include the collaboration and coordination discussions with the forecasting and sales and operations planning discussions. • In Chapter 7, we have enhanced the discussions on forecast errors and selecting the best smoothing constant. • In Chapter 8, we have enhanced the discussions on identifying the aggregate unit and then disaggregating the aggregate plan