Unit 3: Supply Chain Distribution
This unit explores how organizations ensure efficient manufacturing and distribution processes. An organization's goal is to maximize profitability throughout its operations, but changes will be common throughout the lifespan of a product. Because of this, organizations want to lower manufacturing costs and identify the most efficient transportation and distribution channels available. Many organizations use algorithms and mathematical models to identify the best strategies and approaches.
Because markets are unpredictable, companies forecast consumer demands to aid in the supply chain manufacturing and distribution process. These forecasts try to determine what quantities will be needed, where they should be produced, and how those goods will be delivered to the customer. By exploring all of these elements and planning for uncertainties, an organization can develop a plan that best fits their company, their industry, and their marketplace.
Completing this unit should take you approximately 1 hour.