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Supply Chain Management, 6e ChopraMeindl Form

Supply Chain Management, 6e ChopraMeindl Form

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welcome to supply chain management and I know most of you have spent your childhood evenings dreaming of taking your first supply chain management course but for those handful of you who might not know what supply chain management is let me provide you a brief explanation let's take a simple product like a bottle of water clean water a plastic bottle a plastic cap and a label buying them at the store or vending machine might cost you about a dollar 50 how much of that do you think is profit nope wrong wrong again not likely water a plastic bottle and a label that couldn't cost more than 50 cents and if you buy them in bulk how could each bottle not give you at least a dollar and profit seriously if you think you can make $1.00 per bottle you should drop out of college right now and get into the bottled water business you see this right here illustrates one of the most common consumer misconceptions product cost is not equal to material cost and in business you don't have the luxury of

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